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 waived 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 can be granted. For instance, if the estimated tax exemption amount meets or exceeds 25% of the taxes that would have been charged without the exemption, school board approval is not 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