The bill amends several sections of the Ohio Revised Code and introduces new provisions aimed at enhancing economic development, particularly through transformational mixed-use development projects and major workforce housing initiatives. It establishes definitions for key terms such as "development costs" and "eligible expenditures," and outlines the criteria for project certification, including the requirement for a detailed development plan. The director of development is tasked with evaluating applications based on their economic impact and compliance with specified conditions. Additionally, the bill sets limits on new estimated tax credits for fiscal years 2026 and 2027 and introduces a scoring system for project applications based on various criteria, including community impacts and projected tax revenues.

Furthermore, the bill reallocates funding for various programs, including significant appropriations for health and social services, educational initiatives, and cultural and sports facilities projects. It includes provisions for the Ohio Courts Technology Initiative, which aims to improve data management among justice system partners, and introduces a Drones for First Responders pilot program to enhance operational capabilities for law enforcement. Notably, the bill specifies funding allocations for community support projects and makes adjustments to existing appropriations, such as increasing the earmark for Cultural and Sports Facilities Projects. Overall, the legislation seeks to stimulate job creation, improve housing availability, and enhance community development across Ohio while ensuring accountability in the management of public funds.

Statutes affected:
As Introduced: 4507.21
As Reported By House Committee: 4507.21, 755.20, H.B
As Passed By House: 4507.21, 755.20, H.B
As Reported By Senate Committee: 122.09, 122.636, 123.282, 123.283, 126.67, 319.304, 1901.26, 1907.24, 2303.201, 2501.16, 4507.21, 4513.60, 4513.61, 4513.66, 5101.98, 5119.89, 5747.01, 209.30, 221.10, 221.30, 221.40, 229.40, 237.10, 265.10, 265.110, 265.215, 291.20, 307.10, 307.70, 317.10, 317.20, 381.410, 423.10, 423.220, 755.20, H.B, 221.15, 357.10, 363.10, 387.10, 387.13, 5101.546
As Passed By Senate: 122.09, 122.636, 123.282, 123.283, 126.67, 319.304, 1901.26, 1907.24, 2303.201, 2501.16, 4507.21, 4513.60, 4513.61, 4513.66, 5101.98, 5119.89, 5747.01, 209.30, 221.10, 221.30, 221.40, 229.40, 237.10, 265.10, 265.110, 265.215, 291.20, 307.10, 307.70, 317.10, 317.20, 381.410, 423.10, 423.220, 755.20, H.B, 221.15, 357.10, 363.10, 387.10, 387.13, 5101.546
As Enrolled: 122.09, 122.636, 123.282, 123.283, 126.67, 319.304, 1901.26, 1907.24, 2303.201, 2501.16, 4507.21, 4513.60, 4513.61, 4513.66, 5101.98, 5119.89, 5747.01, 209.30, 221.10, 221.30, 221.40, 229.40, 237.10, 265.10, 265.110, 265.215, 291.20, 307.10, 307.70, 317.10, 317.20, 381.410, 423.10, 423.220, 755.20, H.B, 221.15, 357.10, 363.10, 387.10, 387.13, 5101.546