OHIO LEGISLATIVE SERVICE COMMISSION
Office of Research Legislative Budget
www.lsc.ohio.gov and Drafting Office
S.B. 300 Bill Analysis
135th General Assembly
Click here for S.B. 300’s Fiscal Note
Version: As Introduced
Primary Sponsors: Sens. Brenner and Smith
Effective date:
Austin C. Strohacker, Attorney
SUMMARY
▪ Requires additional money collected from increases to the rate of a county real property
and manufactured home transfer tax to be used for housing initiatives.
DETAILED ANALYSIS
Real property and manufactured home transfer taxes
Background
Under current law, a board of county commissioners, by adopting a resolution, may levy
a real property transfer tax on each deed conveying real property, or an interest in real property,
located in the county. The tax must be levied at a uniform rate on all deeds and cannot exceed
$0.30 for each $100, or fraction thereof, of the value of the real property or interest conveyed.
The grantor named in the deed pays the tax to the county auditor at the time of delivery of the
deed.
In the same manner as the real property transfer tax, the board may levy a manufactured
home transfer tax on each certificate of title that conveys a used manufactured home or used
mobile home located in the county, that is not taxed as real property. The tax must be levied at
a uniform rate and assessed at a rate equal to the county’s real property transfer tax rate. The
grantor named on the certificate of title pays the tax to the county auditor at the time of delivery
of the title.
Use of revenue
Under current law, the money collected through the transfer taxes is used to cover the
cost of enforcing and administering the tax and to provide additional general revenue to the
county. General revenue may be used for a wide variety of purposes, including acquisition or
construction of permanent improvements.
September 3, 2024
Office of Research and Drafting LSC Legislative Budget Office
The bill mandates that, if a county increases the rate of the transfer tax, any additional
money collected from the increased tax rate beyond what would have been collected under the
original tax rate must be deposited in a new fund created in the county treasury called the
Housing Trust Fund. The county may use money in the Housing Trust Fund for any of the following
purposes: low-income housing, first-time homebuyer assistance, disability housing, and
transition housing. Money derived from the portion of the rate levied before the bill’s effective
date may continue to be used for general fund purpose.1
HISTORY
Action Date
Introduced 06-24-24
ANSB0300IN-135/ar
1 R.C. 322.02, 322.03, and 322.06.
P a g e |2 S.B. 300
As Introduced


Statutes affected:
As Introduced: 322.02, 322.03, 322.06