The bill, titled "A Good Deal for Ohio," introduced by Senators Blessing and Smith, seeks to amend various sections of the Revised Code concerning property, income, sales and use, severance, and lodging taxes, while also providing free breakfast and lunch to public and chartered nonpublic school students. Key provisions include the establishment of tax exemptions for computer data center equipment contingent upon significant capital investments and job creation, as well as an increase in the Local Government Fund and modifications to the Low- and Moderate-Income Housing Trust Fund. The bill also enacts section 5747.87 and repeals sections 319.302, 1509.50, 5739.41, and 5751.40, aiming to streamline tax administration and enhance fiscal management within the state.

Additionally, the bill introduces several amendments related to tax assessments, exemptions, and the management of surplus revenue, including the establishment of a budget stabilization fund and adjustments to the percentage of total tax revenue credited to local government and public library funds. It clarifies the responsibilities of county auditors and treasurers regarding tax settlements and introduces provisions for the compensation of county auditors based on collected tax amounts. The bill also addresses tax reductions for disabled veterans and their surviving spouses, modifies excise taxes on lodging transactions, and enhances funding mechanisms for community colleges and housing programs. Overall, the legislation aims to improve tax compliance, support economic development, and provide targeted relief to low- and moderate-income households.

Statutes affected:
As Introduced: 122.175, 131.44, 131.51, 319.30, 319.301, 319.54, 321.24, 321.26, 323.08, 323.152, 323.155, 323.158, 351.01, 351.021, 353.06, 718.83, 1509.01, 1509.02, 1509.11, 1509.34, 1513.08, 1513.182, 3301.91, 3313.819, 3354.24, 3354.25, 4503.06, 4503.065, 5703.021, 5703.052, 5703.19, 5703.80, 5709.92, 5709.93, 5715.19, 5715.30, 5739.01, 5739.02, 5739.03, 5739.05, 5739.08, 5739.09, 5739.091, 5741.01, 5747.01, 5747.02, 5747.03, 5747.031, 5747.08, 5747.10, 5747.38, 5747.41, 5747.71, 5747.98, 5749.01, 5749.02, 5749.04, 5749.06, 5749.07, 5749.08, 5749.10, 5749.11, 5749.12, 5749.13, 5749.14, 5749.15, 5751.01, 5751.20, 319.302, 1509.50, 5739.41, 5751.40, 259.30, H.B, 5747.87