Complete Story
08/21/2024
Senate Bill 244
Lead Sponsors: Senator Michele Reynolds and Senator Hearcel Craig
Status: Second hearing in Senate Ways and Means (June 25, 2024)
Description: The bill allows counties (as well as municipalities and limited home rule townships) to establish temporary zones where certain homeowners may apply for a partial property tax exemption. The zones can be authorized for up to ten years but can be renewed.
The bill does not include a mechanism for taxing entities to be reimbursed for the lost revenue due to the exemptions.
CCAO Position: No position (as of July 2024)
Notes: The Franklin County Auditor and the Ohio Municipal League both provided proponent testimony.