The Ohio Property Protection Act amends sections 319.202, 5301.256, and 5323.02 of the Revised Code to strengthen regulations on the acquisition of certain real properties, particularly focusing on "protected property," which includes agricultural land and properties near military installations or critical infrastructure. The bill requires grantees to submit a statement declaring the property's value and affirming its eligibility for tax reductions. It also prohibits foreign adversaries and their affiliates from acquiring protected properties and mandates that county auditors refrain from endorsing such conveyances unless the necessary affirmations are included. Additionally, any conveyance involving protected property must be investigated by the county sheriff if there are signs of violations.

The legislation further stipulates that agricultural land classified as protected must remain solely for agricultural use and cannot be leased to restricted business entities. It establishes a registry of foreign adversaries and individuals posing a threat to agricultural production and national security, requiring those listed to divest their interests in agricultural land within two years, with certain exceptions. The bill outlines enforcement procedures, including investigations by county auditors and sheriffs, and emphasizes the state's commitment to safeguarding its agricultural resources and critical infrastructure. Overall, the Ohio Property Protection Act aims to enhance oversight and regulation of agricultural land ownership and usage in the state.

Statutes affected:
As Introduced: 319.202, 5301.256, 5323.02