To amend sections 323.152, 323.153, 4503.065, and 4503.066 of the Revised Code to authorize an enhanced property tax homestead exemption for certain long-term homeowners.
This bill establishes the Student Choice Grant Program by creating a new section (3333.27) in Ohio's Revised Code and includes funding through an appropriation. It directly affects eligible students in Ohio by providing financial assistance for educational expenses, though the abstract does not specify qualifying criteria or program administration details. The key mechanism is the creation of a state-funded grant program, but the provided context lacks specifics on eligibility, funding amounts, or distribution processes. No further details about who qualifies or how grants would operate are included in the abstract.
To amend sections 4111.06, 4111.14, 5122.28, 5123.022, 5123.023, 5123.87, 5747.98, and 5751.98 and to enact sections 3304.45, 4111.061, 5747.87, and 5751.56 of the Revised Code to phase out the subminimum wage for individuals with physical or mental disabilities, to authorize a tax credit for purchases made from nonprofit corporations that hire such individuals, and to name this act the Ohio Employment First and Greater Opportunities for Persons with Disabilities Act.
To amend sections 323.152, 323.153, 323.158, 4503.06, 4503.066, 4503.067, 4503.068, 4503.069, and 4503.0610 and to enact section 4503.0612 of the Revised Code to authorize a property tax freeze for certain owner-occupied homes.
To amend sections 5747.08 and 5747.98 and to enact section 5747.053 of the Revised Code to authorize a nonrefundable income tax credit for family caregiving expenses.
HB 17 changes how certain storage condominiums are taxed by classifying them as residential property for tax purposes, directly affecting owners of these properties who would pay lower residential tax rates instead of higher commercial rates. The bill defines a qualifying "storage condominium" as real property owned solely by individuals, with units dedicated to storing vehicles, boats, trailers, recreational vehicles, or household items, and shared ownership in common areas. County auditors must classify these properties as residential under the new rules, but this reclassification applies only to tax reductions under Section 319.301 of the Revised Code and does not affect other property classifications. The bill repeals a previous tax code section and requires the tax commissioner to adopt rules for implementation. This is a concrete policy change to adjust tax treatment, not a procedural or commemorative measure.
To amend sections 5733.40, 5747.01, and 5747.05 of the Revised Code to allow taxpayers to deduct in a single year the full bonus depreciation and enhanced expensing allowances the taxpayer deducts for federal income tax purposes.
SB 325 amends Ohio's tax code to allow contractors to exclude payments made to subcontractors from the Commercial Activity Tax (CAT). This change directly affects contractors who hire subcontractors for construction or similar projects, as it removes those specific payments from the tax base. The bill modifies section 5751.01 of the Revised Code to create this exclusion, meaning contractors would no longer pay CAT on amounts paid to subcontractors. This is a technical adjustment to the tax calculation, not a new tax or benefit.
To amend section 5747.113 and to enact sections 3701.27 and 4503.108 of the Revised Code to create the Pediatric Cancer Research Fund in the state treasury to support hospitals conducting pediatric cancer research and to authorize voluntary contributions to the fund, including when registering motor vehicles or filing state income tax returns.
To enact sections 1787.01, 1787.02, 1787.03, 1787.04, 1787.05, 1787.06, 1787.07, 1787.08, 1787.09, 1787.10, 1787.11, 1787.12, and 1787.13 of the Revised Code to authorize the creation of tourism promotion districts and the levying of assessments therein.
