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Ohio Governor Touts Ethanol Fuel Benefits, New Tax Breaks for Farmers.
Knight Ridder/Tribune Business News, March, 2002
The Blade, Toledo, Ohio Knight Ridder/Tribune Business News
Mar. 22--Ohio may be facing a $400 million deficit, but tax breaks encouraging farmers and investors to make a gasoline additive from corn will help fuel the economy, Gov. Bob Taft said during a visit to Maumee yesterday.
One plant making 40 million gallons of the additive, called ethanol, would add $79 million to $104 million a year to Ohio's economy, an Ohio State University study estimates. Yet one plant would cause a loss of $2.6 million to $5.2 million to the state's general fund, according to an analysis of the bill Mr. Taft signed into law yesterday.
Northwest Ohio could easily become home to an ethanol plant, and hopefully more than one will be built in the state, Mr. Taft...
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