DevelopOhio

H.B. 479 rewrites the filing calendar for TIF and related exemptions, puts a hard clock on the Tax Commissioner, and carries approvals through parcel splits. Property owners and local jurisdictions share the benefit equally.

If your community has ever adopted TIF legislation in the spring and then waited the better part of a year to file the exemption ...

Ohio Revised Code (R.C.) Section 9.66 is well-known to economic development practitioners as the oft-cited state law provision requiring disclosure in economic development assistance applications of any outstanding liabilities owed to Ohio governments; this statute also addresses the issue of using false statements in such assistance ...

For villages, cities, counties, and townships with real property tax incentive programs there are both short-term and long-term reporting processes that must be followed to ensure compliance with state law. While reporting and monitoring activities should be ongoing throughout the year, March 31 marks an important transition date. By March 31 ...

The annual ‘IRS’ filing period is in full swing in Ohio--not only for federal income tax, but also for Ohio’s real property tax incentive programs. Yes, it’s Incentive Review Season for Ohio’s political subdivisions (villages, cities, townships, and counties) that have authorized tax incentives for development projects.

On ...

2023, the year of the rabbit in the Chinese zodiac, may well turn out to be the year of the CRANE (Community Reinvestment Areas in Need of Expertise) in Ohio. On January 2, 2023, Governor Mike DeWine signed Substitute Senate Bill 33, which, in large part, modifies not only the establishment and management of Community Reinvestment Areas ...