To amend sections 319.202, 319.302, 323.155, 323.158, 4503.0610, and 5323.02 and to enact sections 323.21 and 323.22 of the Revised Code to allow eligible homeowners to defer the payment of a portion of their property taxes.
SB 116 reduces the tangible personal property tax rate for pipeline companies in Ohio from 88% to 25% of true value. This directly affects pipeline companies operating in Ohio, lowering their property tax burden on taxable assets like pipelines and related equipment. The bill amends Revised Code section 5727.111 to implement this rate change for all pipeline company property first taxed in Ohio after the effective date. The key provision is the uniform 25% tax rate, replacing the previous 88% rate for this specific industry.
HB 209 would remove income taxes on tips earned by workers at restaurants, bars, and similar service businesses. Currently, tips are counted as taxable income for state, city, and school district taxes. The bill changes the law so tips are excluded from taxable income calculations under these tax systems. This means tipped employees would pay less tax on their tip earnings.
HB 89 authorizes a temporary reduction in property taxes for owners of qualifying real estate or manufactured/mobile homes. It applies to properties continuously owned from January to December of the prior tax year, where current taxes exceed those paid the previous year. The reduction is calculated automatically by county auditors and applied to future tax payments without requiring owners to apply. This change directly affects property owners whose tax burden increased from the prior year, providing a temporary financial adjustment through existing tax systems.
To amend section 323.131 and to enact section 5705.17 of the Revised Code to prohibit most property tax levies submitted at a general election from taking effect in the current tax year.
To amend section 5703.21 and to enact section 5703.83 of the Revised Code to create a statewide screening system for certain property tax reductions and to make an appropriation.
To amend sections 123.28, 123.281, 5753.01, 5753.031, 5753.04, 5753.05, 5753.06, 5753.07, 5753.08, and 5753.12 and to enact sections 123.282 and 5753.022 of the Revised Code to levy a fee on gross sports gaming wagers and to use revenue from the fee to support publicly owned professional sports facilities and interscholastic athletics.
To enact sections 5705.262 and 5705.263 of the Revised Code to allow electors to reduce unvoted property taxes by initiative and to name this act the Taxpayers Freedom Trilogy – Act Two: Arresting Inside Millage.
To amend sections 5747.01, 5747.08, and 5747.98 and to enact section 5747.36 of the Revised Code to authorize the refundable thriving families tax credit for certain income taxpayers with dependents who are minor children.
To amend section 5739.01 of the Revised Code to authorize a sales tax credit for the trade-in value of portable electronics or home appliances for another similar item.
