The bill amends section 3735.67 of the Revised Code to require school district approval for property tax exemptions related to residential community reinvestment areas. Under the new provisions, property owners seeking tax exemptions for new constructions or remodels must submit their applications to the housing officer, who will then request approval from the relevant school district's board of education. The board must respond to the application within 45 days, and they may impose conditions for approval. If the board has previously adopted a resolution waiving its right to approve such applications, then their approval is not required.

Additionally, the bill introduces several new stipulations regarding the approval process and the conditions under which exemptions may be granted. For instance, if the estimated taxes on the property meet certain thresholds, the board's approval may not be necessary. The bill also outlines the responsibilities of the housing officer in certifying applications and the process for handling complaints regarding exemptions. Overall, the changes aim to enhance local control over property tax exemptions in community reinvestment areas while ensuring that school districts have a say in the process.

Statutes affected:
As Introduced: 3735.67