PROPERTY TX SAVINGS

LEGISLATION THAT COULD PROVIDE UP TO TWO BILLION DOLLARS IN PROPERTY TAX SAVINGS FOR OHIOANS MAY NOT BE A SAVINGS AFTER ALL.
THE DAYTON DAILY NEWS REPORTS THAT THE TWO BILLS WHICH COULD BRING OHIOAN’S TWO BILLION IN PROPERTY TAX SAVINGS MAY HAVE A VERY LIMITED IMPACT ESPECIALLY IN MONTGOMERY COUNTY. THE COUNTY AUDITOR'S OFFICE SAYS ONE PROPOSAL WOULD SUSPEND THE STATE'S EXPANDED SALES TAX HOLIDAY TO PAY FOR THOSE PROPERTY TAX CREDITS. HOUSE BILLS 186 AND 335 HAVE BOTH PASSED AND ARE NOW IN THE HANDS OF THE OHIO SENATE. THE REMOVAL OF THE SALES TAX HOLIDAY IS EXPECTED TO NEGATIVELY IMPACT RETAIL SALES.

LEGISLATION THAT COULD PROVIDE UP TO TWO BILLION DOLLARS IN PROPERTY TAX SAVINGS FOR OHIOANS MAY NOT BE A SAVINGS AFTER ALL.
THE DAYTON DAILY NEWS REPORTS THAT THE TWO BILLS WHICH COULD BRING OHIOAN’S TWO BILLION IN PROPERTY TAX SAVINGS MAY HAVE A VERY LIMITED IMPACT ESPECIALLY IN MONTGOMERY COUNTY. THE COUNTY AUDITOR'S OFFICE SAYS ONE PROPOSAL WOULD SUSPEND THE STATE'S EXPANDED SALES TAX HOLIDAY TO PAY FOR THOSE PROPERTY TAX CREDITS. HOUSE BILLS 186 AND 335 HAVE BOTH PASSED AND ARE NOW IN THE HANDS OF THE OHIO SENATE. THE REMOVAL OF THE SALES TAX HOLIDAY IS EXPECTED TO NEGATIVELY IMPACT RETAIL SALES.