OHIO — Ohio lawmakers have introduced Senate Bill 22, aiming to provide financial relief to homeowners and renters burdened by high housing costs.
The bill proposes a refundable income tax credit or rebate for individuals whose property taxes or rent exceed 5% of their annual income.
Sponsored by Senators Louis W. Blessing, III and Hearcel F. Craig, with co-sponsorship from Senators Nickie J. Antonio, Beth Liston, Kent Smith, and Casey Weinstein, the legislation seeks to amend sections 5747.08 and 5747.98 and introduce section 5747.87 of the Ohio Revised Code…