08/22/2024

Senate Bill 271

Lead Sponsors: Senator Louis Blessing III and Senator Hearcel Craig

Status: Second hearing in Senate Ways and Means (June 25, 2024)

Description: The bill creates a tax credit, referred to as a "circuit breaker," for eligible homeowners and renters whose property taxes or portion of rent attributable to property taxes exceeds 5% of their income. Those who claim the circuit breaker may do so as a refundable tax credit or a direct rebate.

Eligibility is limited to those whose household income is less than $60,000, with that figure adjusted for inflation in subsequent years.

CCAO Position: Proponent

Other Notes: The County Auditors Association of Ohio, the Franklin County Auditor, and the Ohio Municipal League have both provided opponent testimony.