The bill introduced in the 136th General Assembly seeks to amend various sections of the Revised Code and establish new provisions to impose a tax on high-volume landlords, specifically targeting those owning fifty or more taxable houses. It introduces new sections (5747.081, 5755.01 through 5755.99) that define key terms such as "taxable house" and "qualifying transfer," while also outlining the tax framework and the responsibilities of property owners regarding reporting ownership transfers. The bill enhances the state's tax collection capabilities by granting the attorney general authority to manage uncollectible claims and detailing the process for certifying amounts due.

Additionally, the legislation addresses the regulation of auxiliary containers and liquor permits, prohibiting municipal corporations from imposing taxes on auxiliary containers while allowing income taxes. It establishes a tax refund fund and outlines the process for tax refund applications, including penalties for non-compliance by public utilities and tax return preparers. The bill emphasizes compliance and accountability among property owners, with provisions for penalties and interest for late payments, and allows the tax commissioner to assess taxes up to four years after a return is filed. Overall, the bill aims to enhance funding for housing initiatives and ensure transparency in property ownership and tax compliance.

Statutes affected:
As Introduced: 131.02, 319.202, 715.013, 4303.26, 5703.052, 5703.053, 5703.19, 5703.263, 5703.50, 5703.70, 5703.77, 5703.90, 5725.26, 5751.051