The proposed bill, H. B. No. 2025-2026, seeks to enact a new section, 5709.94, in the Revised Code of Ohio, which prohibits property tax exemptions for data centers. The bill defines a "data center" as facilities primarily used for digital information services, including the management, storage, and processing of electronic data, as well as virtual currency mining. It also outlines what constitutes a "local tax incentive" and specifies that no political subdivision, such as a township or county, can authorize such incentives for data centers after the bill's effective date.

Furthermore, the bill stipulates that neither the tax commissioner nor any county auditor can approve applications for tax exemptions for data centers following the enactment of this section. Any local tax incentives or tax exemptions granted in violation of this new provision will be considered void. This legislation aims to eliminate tax benefits for data centers, thereby ensuring that they contribute to local tax revenues.