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MARCH 8, 2023 REPORT #3

LEGISLATIVE UPDATE

 

SB 76 Landlords Blessing, L. Antonio, N. To levy a tax on certain high-volume landlords.

 

The bill imposes a new tax on certain high-volume landlords, beginning in the first full calendar year after the tax’s effective date.  The tax, referred to as the “housing market impact tax,” is imposed on any person or combined taxpayer group that owns 50 or more “taxable houses” in a single county. A taxable house is any single-family, two-family, or three-family dwelling.  When a county auditor is aware that a landlord owns the requisite number of houses, the auditor must provide notice on the landlord’s tax bill. SB 76 has been introduced and received its first hearing in the Senate Ways and Means Committee earlier this week.  The bill analysis can be viewed at the link below.

https://www.legislature.ohio.gov/download?key=20517&format=pdf

 

SB 1 Department Of Education Reineke, B.

 

To rename the Department of Education as the Department of Education and Workforce, to create the position of Director of Education and Workforce and to reform the functions and responsibilities of the State Board of Education and the Superintendent of Public Instruction.  SB 1 passed the Senate 26-7 last week, and will now begin hearings in the House committee. OHBA continues to follow SB 1 to ensure emphasis on career tech aspects remain a priority.

 

HB 33 Operating Budget Edwards, J.

 

To make operating appropriations for the biennium beginning July 1, 2023, and ending June 30, 2025, to levy taxes, and to provide authorization and conditions for the operation of state programs.  OHBA continues to focus on the housing provisions in the Governor’s budget proposal for both the state LIHTC and single-family tax credit.  While supportive of both, OHBA continues to emphasize the need to spur all types of housing, and look at additional measures to help the production of workforce housing.  There are several proposals under discussion, and OHBA will be meeting with legislators, and the Governor’s office to work through all of the housing proposals.

 

Please feel free to contact OHBA with any questions at (614) 228-6647.