The Ohio Property Protection Act aims to amend sections of the Revised Code to strengthen regulations on the acquisition of certain real properties, particularly focusing on protecting agricultural land and properties near military installations or critical infrastructure. Key provisions require grantees to submit a statement of property value and affirm eligibility for tax reductions, while also prohibiting the acquisition of "protected property" by foreign adversaries and their affiliates. The bill introduces new definitions for "protected property" and emphasizes compliance, stating that county auditors will not endorse transactions that do not meet the outlined requirements, with potential violations referred to law enforcement.

Additionally, the bill establishes a registry of individuals and entities considered threats to agricultural security, prohibiting them from acquiring agricultural land unless they meet specific criteria. It mandates that any acquired agricultural land must be used solely for agricultural purposes while awaiting divestment, with a two-year divestment requirement for non-compliant parties. The act also outlines enforcement mechanisms, allowing county auditors and sheriffs to investigate violations and refer cases for legal action, reflecting a commitment to safeguarding Ohio's agricultural resources and critical infrastructure from foreign influence. Existing sections of the Revised Code related to property management are repealed as part of this legislative effort.

Statutes affected:
As Introduced: 319.202, 5301.256, 5323.02