Tracked House Bills – February 2023

HB 1 PROPERTY/INCOME TAX (Mathews, A.)  Introduced on February 15, 2023, this bill modifies existing law regarding property taxation and income tax rates.

Specifically, the measure makes an important change to Ohio’s real property taxation scheme: it would reduce taxable value to 31.5% of true value (under current law, all real property is taxed at 35%, known as its “assessed value”).  (See proposed change to R.C. 5715.01(B))  Further, the Ohio Tax Commissioner is charged with making an annual calculation based a Gross Domestic Product (GDP) “deflator,” meaning that taxable value (i.e., assessed value) could be no higher than 31.5%, but could be lower, with no floor established.

HB 2  ECONOMIC GROWTH AND DEVELOPMENT (Cutrona A., Upchurch, T.)  Introduced on February 15, 2023, this bill declares the intent of the General Assembly to direct state funds to projects across the state for economic growth and community development

HB 3 AFFORDABLE HOUSING (Mathews, A.)  Introduced on February 15, 2023, this bill states it is the General Assembly’s intention to authorize an affordable housing tax credit.

HB 12 EDUCATION AND WORKFORCE (Jones, D. Dobos, D.)  Introduced on February 15, 2023, this bill renames the Ohio Department of Education as the Ohio Department of Education and Workforce and creates the position of Director of Education and Workforce.  The bill also makes larger reforms of the State Board of Education and the role of the Superintendent of Public Instruction.

HB 23  TRANSPORTATION BUDGET (Edwards, J.) Introduced on February 15, 2023, this is the State’s transportation bill, thereby appropriating funds for programs during the State Fiscal Year (SFY) 2024 – SFY 2025 biennium.

HB 31  WORKERS’ COMPENSATION (Edwards, J.) Introduced on February 15, 2023, this bill, among other changes to the State’s workers’ comp. system, renames the Ohio Bureau of Workers’ Compensation to that of the Ohio Department of Workforce Insurance and Safety.

HB 33  OPERATING BUDGET (Edwards, J.) Introduced on February 15, 2023, this is the State’s biennial budget bill, for SFY 2024 – SFY 2025.