Last week, two bipartisan lawmakers at the Ohio Statehouse introduced a bill that would offer a tax credit for homeowners and renters whose property taxes or rent exceed a certain threshold in relation to income.
House Bill 435 is targeted at helping lower-income renters and owners, offering a $1,000 credit for households with resources of $60,000 or less. This then steps down $200 for every additional $10,000 a household makes and phases out at $100,000 of household income. 7/29/2024