02/13/2024

Senate Bill 118

Lead Sponsors: Senator Kirk Schuring

Status: 3rd Hearing in Senate Ways and Means Committee (May 24, 2023)

Description: The bill creates the Home Ownership Potential Energized (HOPE) program, allowing for a nonrefundable income tax credit for the creation of owner-occupied single-family housing in municipalities in which the majority of housing stock is rented. Municipalities may exclude parts of their territory from eligibility for the credit.

CCAO Position: No position (as of July 2024)

Other Notes: The Ohio Municipal League has provided proponent testimony.