Bill > HB439

This bill adjusts the homestead exemptions for inflation. Specifically, it: - Requires the tax commissioner to annually adjust the $25,000 homestead exemption and the enhanced homestead exemption for disabled veterans to account for inflation, as measured by the gross domestic product deflator. - Applies the changes to the homestead exemption in tax year 2020 and each year thereafter, and the changes to the disabled veteran exemption in tax year 2021 and each year thereafter. - Repeals the current versions of the relevant sections of the Revised Code.