HB 69: Bill Would Revise Ohio TIF Law, Require Township Compensation Under Certain TIF Arrangements

Aug 23, 2017 | Advocacy

Robert McCarthy.
Bricker & Eckler.

Ohio municipalities that use tax increment financing (TIF) to support economic development should be aware of significant legislation that was recently approved by the Ohio House of Representatives. Under Ohio House Bill 69 (H.B. 69), authored by Representative Bob Cupp (R-Lima), municipalities would be required to compensate townships for tax revenue diverted through certain TIF incentive arrangements. For details on this legislation, click HERE.

State Offers Tax Credit to Redevelop Ohio Neighborhoods

The Ohio Department of Development (Development) announced today that the application for the new Transformational Mixed-Use Development Program is open. The program provides a tax credit for major, mixed-use developments in Ohio. Applications are now available on Development’s website.

read more

$500 Million Available for Brownfield Funding in Ohio

Ohio’s 2022-2023 budget recently signed by Governor DeWine, allocates $500 million in new brownfield funding. Funding will be administered by the Ohio Department of Development (ODOD) which must adopt rules for allocation of brownfield funding and the demolition program. The rules will determine project eligibility and administration of the program.

read more