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Ohio lawmakers hear first testimony on temporary $300 homeowner credit (HB 266)
Summary
Sponsors told the House Ways and Means Committee HB 266 would give a $300 annual tax credit to homeowners who have lived in their property at least one year, for five years, as temporary relief from rising property taxes; sponsors said fiscal cost estimates from LSC were pending.
House Ways and Means Committee members on Tuesday heard sponsor testimony for House Bill 266, a proposal to provide homeowners a temporary $300 annual property tax credit.
Representative Lorenz, one of the bill’s sponsors, told the committee the credit would be available to homeowners who have lived in the property for at least one year and would be paid annually for five years. "This is only a temporary measure, that will help ease the financial strain on our homeowners," Lorenz said, describing the proposal as a…
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