Bill > SB76

This bill levies a housing market impact tax of $1,500 per taxable house (defined as a single-family, two-family, or three-family dwelling) on each person or combined taxpayer group owning 50 or more such houses in any county in Ohio. The tax revenue will be split between the low- and moderate-income housing trust fund and the local government fund. The bill also requires pass-through entities that own taxable houses to file statements with county auditors identifying the entity and the houses owned. The tax applies starting January 1 following the effective date of the bill.