The "Gus Frangos Act" proposes significant amendments to the Revised Code concerning tax foreclosures and the management of county land reutilization corporations. Key provisions include the establishment of a real property tax suspension list that will only include current taxes for properties with delinquent amounts, rather than delinquent taxes, penalties, and interest. The county auditor will be required to indicate properties on this suspension list on the general tax list, and properties will be removed from the list upon foreclosure or redemption. The bill also introduces new sections for managing delinquent tax collections, funding county land reutilization corporations, and outlines compensation for county auditors based on collected amounts. Additionally, several sections of the Revised Code are repealed, indicating a restructuring of the legal framework governing these matters.

Further amendments focus on the sale and transfer of abandoned and nonproductive lands, allowing for streamlined processes in foreclosure actions and the sale of properties. The bill clarifies the roles of county auditors and treasurers in managing tax certificates and delinquent properties, including provisions for deficiency judgments against owners when sales do not cover outstanding taxes. It also introduces tax exemptions for properties held by nonprofit organizations and county land reutilization corporations, particularly those used for charitable purposes. Overall, the bill aims to enhance the efficiency of tax collection and foreclosure processes, support local land reutilization efforts, and provide necessary tax relief for specific consumer goods and services.

Statutes affected:
As Introduced: 319.48, 319.54, 321.261, 321.263, 321.343, 323.25, 323.26, 323.28, 323.31, 323.33, 323.47, 323.65, 323.66, 323.67, 323.68, 323.69, 323.691, 323.70, 323.71, 323.72, 323.73, 323.75, 323.76, 323.77, 323.78, 323.79, 505.86, 715.261, 721.28, 1721.10, 1724.02, 2329.153, 3737.87, 3745.11, 3767.41, 5709.12, 5709.91, 5709.911, 5713.083, 5715.02, 5721.01, 5721.02, 5721.03, 5721.04, 5721.06, 5721.13, 5721.17, 5721.18, 5721.19, 5721.192, 5721.20, 5721.25, 5721.26, 5721.30, 5721.32, 5721.33, 5721.37, 5722.01, 5722.02, 5722.03, 5722.031, 5722.04, 5722.05, 5722.06, 5722.07, 5722.08, 5722.10, 5722.11, 5722.14, 5722.15, 5722.21, 5722.22, 5723.01, 5723.03, 5723.04, 5723.05, 5723.06, 5723.10, 5723.12, 5723.13, 5723.18, 5739.02, 323.74, 5721.14, 5721.15, 5721.16, 5722.09, 5722.13