Research Foundation Annual Report

Research Foundation Annual Report

Through the development and dissemination of cutting-edge research and outreach activities, the NAIOP Research Foundation plays a vital role in helping the industry to stay competitive by identifying best development practices, future opportunities and strategies....

Commercial Real Estate News and Perspectives

Commercial Real Estate News and Perspectives

NAIOP January Coronavirus Impacts Survey: Light Appears at the End of the Tunnel By Shawn Moura, Ph.D., NAIOP | 2/4/21 Respondents to a recent NAIOP survey on the impacts of COVID-19 on CRE reported improved rent collection rates, an increase in industrial investment...

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Bills Introduced Since 7/1/2024

 

HB638

ELIMINATE INTEREST ON COUNTY SALES TAX REFUNDS (BARHORST T) To eliminate interest on county sales tax refunds and extend the time for state recovery of amounts of refunded taxes from local subdivisions.

SB302

COURTS, COURT PROCEDURES (GAVARONE T) Relative to courts and court procedures.

SB303

PROVISION-EARNED WAGE ACCESS SERVICES (LANG G, CRAIG H) To regulate the provision of earned wage access services.

Tracked Bills

HB1

PROPERTY, INCOME TAX CHANGES (MATHEWS A) To modify the law regarding property taxation and income tax rates.

 

Current Status:   

4/25/2023 – House Ways and Means, (Seventh Hearing)

 

HB2

STATE FUNDING-CAPITAL APPROPRIATIONS (CUTRONA A, UPCHURCH T) To provide authorization and conditions for the operation of certain state programs, to make capital appropriations and reappropriations for the biennium ending June 30, 2026, to make other appropriations, and to declare an emergency.

 

Current Status:   

6/28/2024 – SIGNED BY GOVERNOR; eff. immediately

 

HB3

AFFORDABLE HOUSING TAX CREDIT (PAVLIGA G, MCNALLY L) To authorize a nonrefundable tax credit for the construction or rehabilitation of certain federally subsidized rental housing and to authorize a uniform method for the tax valuation of most such housing.

 

Current Status:   

6/13/2023 – SUBSTITUTE BILL ACCEPTED, House Economic and Workforce Development, (Fifth Hearing)

 

HB10

PHASE-IN SCHOOL FUNDING SYSTEM (CALLENDER J, SWEENEY B) To express the intent of the General Assembly to continue phasing-in the school financing system established in H.B. 110 of the 134th General Assembly and, if practicable, fully phase it in.

 

Current Status:   

2/16/2023 – Referred to Committee House Finance

 

HB33

FY24-25 OPERATING BUDGET (EDWARDS J) To make operating appropriations for the biennium beginning July 1, 2023, and ending June 30, 2025, to levy taxes, and to provide authorization and conditions for the operation of state programs.

 

Current Status:   

1/24/2024 – Consideration of Governor’s Veto; Senate Overrides Veto, Vote 24-8

 

HB64

EMINENT DOMAIN LAW CHANGES (KICK D, CREECH R) To modify the law regarding eminent domain.

 

Current Status:   

2/6/2024 – SUBSTITUTE BILL ACCEPTED, House Civil Justice, (Fifth Hearing)

 

HB85

LAND BANKS – DELINQUENT PROPERTY (PATTON T) To expand the methods by which land banks can acquire delinquent property.

 

Current Status:   

5/14/2024 – House State and Local Government, (Third Hearing)

 

HB181

RECORDED INSTRUMENTS, POWERS OF ATTORNEY (HILLYER B, WILLIAMS J) To make various changes regarding recorded instruments, powers of attorney, judgment liens, mortgage subrogation, law enforcement towing laws, and state stock banks, and to make an appropriation.

 

Current Status:   

10/11/2023 – House Finance, (Third Hearing)

 

HB187

PROCEDURES FOR PROPERTY TAX VALUES (HALL T, BIRD A) To make changes to the law governing real property valuation and tax complaints, to temporarily modify the computation of the homestead exemption, to abate property taxes on certain municipal and community improvement corporation property, to make an appropriation, and to declare an emergency.

 

Current Status:   

12/6/2023 – PASSED BY SENATE; Vote 31-0, Emergency Clause 29-2

 

HB263

PROPERTY TAX FREEZE (ISAACSOHN D, HALL T) To authorize a property tax freeze for certain owner-occupied homes.

 

Current Status:   

2/6/2024 – SUBSTITUTE BILL ACCEPTED, House Ways and Means, (Fourth Hearing)

 

HB327

REQUIRE CERTAIN CONTRACTORS TO USE E-VERIFY (WIGGAM S) To require government contractors, private nonresidential contractors, and certain employers to use E-verify.

 

Current Status:   

6/25/2024 – Referred to Committee Senate General Government

 

HB344

PROPERTY TAX LEVIES, COMPLAINTS (MATHEWS A, HALL T) To eliminate the authority to levy replacement property tax levies and to modify the law governing certain property tax complaints.

 

Current Status:   

4/30/2024 – SUBSTITUTE BILL ACCEPTED & REPORTED OUT, House Ways and Means, (Sixth Hearing)

 

HB375

TAX FORECLOSURE, LAND REUTILIZATION CORPORATIONS (DEMETRIOU S, PATTON T) To make changes to the law relating to tax foreclosures and county land reutilization corporations

 

Current Status:   

6/11/2024 – House Economic and Workforce Development, (Third Hearing)

 

HB386

PHASE OUT STATE INCOME TAX (MATHEWS A, LAMPTON B) To phase-out the state income tax on nonbusiness income over six years and to repeal the commercial activity tax after 2029.

 

Current Status:   

5/14/2024 – House Ways and Means, (Second Hearing)

 

HB478

EXPEDITED REMOVAL-UNAUTHORIZED OCCUPANTS (EDWARDS J, LARE J) To provide for the expedited removal of unauthorized occupants of residential property and to prohibit the use and sale of fraudulent deeds.

 

Current Status:   

6/11/2024 – House Criminal Justice, (Third Hearing)

 

HB480

EXPEDITED REMOVAL-UNAUTHORIZED OCCUPANTS (YOUNG T, DEMETRIOU S) To provide for the expedited removal of unauthorized occupants of residential property, to prohibit the use and sale of fraudulent deeds, and to declare an emergency.

 

Current Status:   

6/11/2024 – BILL AMENDED, House Criminal Justice, (Third Hearing)

 

HB499

HOUSING GRANTS; REVISE PROPERTY LAW (ISAACSOHN D, MATHEWS A) To create grant programs for housing developments near megaprojects and for townships and municipalities that adopt pro-housing policies, to modify the community reinvestment area law relating to residential property, and to limit the 10% nonbusiness property tax credit.

 

Current Status:   

6/11/2024 – House Government Oversight, (Third Hearing)

 

HB519

CLEAN OHIO FUND (HALL T, SWEENEY B) To restore the Clean Ohio Fund to be administered by the Department of Development and the Clean Ohio Council.

 

Current Status:   

6/20/2024 – House Finance, (First Hearing)

 

HB616

WATER IMPROVEMENT DISTRICTS (CLAGGETT T) To allow for the creation of water improvement districts and to declare an emergency.

 

Current Status:   

6/11/2024 – Referred to Committee House State and Local Government

 

SB2

LOCAL PROPERTY TAX EXEMPTIONS (SCHURING K) To authorize certain subdivisions to designate areas within which certain residential property is wholly or partially exempted from property taxation.

 

Current Status:   

1/17/2023 – Referred to Committee Senate Finance

 

SB3

COMMUNITY REVITALIZATION PROGRAM (SCHURING K) To create the Ohio Community Revitalization Program, authorizing nonrefundable income tax credits for undertaking community projects.

 

Current Status:   

1/17/2023 – Referred to Committee Senate Ways and Means

 

SB25

REAL PROPERTY FORECLOSURES (HACKETT R) Relating to real property foreclosures.

 

Current Status:   

6/26/2024 – BILL AMENDED, Senate Judiciary, (Fifth Hearing)

 

SB41

LAW CHANGES-BUILDING INSPECTIONS (ROEGNER K) To make changes to the law relating to building inspections.

 

Current Status:   

6/25/2024 – House Economic and Workforce Development, (Fourth Hearing)

 

SB75

JEDD FORMATION REQUIREMENTS (BLESSING III L) To allow two or more municipalities to create a joint economic development district without involving a township.

 

Current Status:   

4/16/2024 – House Economic and Workforce Development, (First Hearing)

 

SB76

HIGH-VOLUME LANDLORD TAX (BLESSING III L, ANTONIO N) To levy a tax on certain high-volume landlords.

 

Current Status:   

3/22/2023 – Senate Ways and Means, (Second Hearing)

 

SB94

MORTGAGE, JUDICIAL PRACTICES, TOWING (BRENNER A, LANDIS A) To make various changes regarding recorded instruments, powers of attorney, judgment liens, mortgage subrogation, law enforcement towing laws, state stock banks, liquor control laws, motor vehicle sales and leases, designation of public depositories, community reinvestment areas, motor vehicle certificates of title, and higher education cost and aid disclosure forms; to provide for the electronic filing of pleadings or documents in courts of common pleas except a probate or juvenile court; in municipal courts, and in county courts, to permit an elected clerk to disburse funds for the computerization of the clerk’s office without the court’s authorization; to permit municipal and county courts to increase the maximum amount of their additional fees from ten dollars to twenty dollars to cover the computerization of the clerk’s office; to enact the “CAMPUS” Act regarding the prevention of harassment and intimidation at institutions of higher education; to establish campus safety and community programs; to provide additional funding to support responsibilities of the Chancellor of Higher Education related to educator preparation programs and the science of reading; and to make appropriations.

 

Current Status:   

6/26/2024 – Consideration of House Amendments; Senate Does Concur, Vote 30-1

 

SB120

TIF PAYMENTS-LAND BANKS (SCHURING K) To allow a portion of tax increment financing service payments to be designated for use by land banks.

 

Current Status:   

5/17/2023 – Referred to Committee Senate Ways and Means

 

SB153

TEMPORARY TAX VALUATION CHANGES (LANG G, JOHNSON T) To temporarily modify the method for valuing farmland and other real property for tax purposes.

 

Current Status:   

10/11/2023 – Senate Ways and Means, (Fourth Hearing)

 

SB192

REAL ESTATE-LICENSE EXPANSION (BRENNER A, BLESSING III L) To expand the scope of activities for which a real estate broker’s license is required and to require wholesalers to make certain disclosures in transactions involving residential real property.

 

Current Status:   

2/28/2024 – Senate Government Oversight, (First Hearing)

 

SB216

STATE INCOME TAX-PHASE OUT (LANG G, HUFFMAN S) To phase-out the state income tax on nonbusiness income over six years and to repeal the commercial activity tax after 2029.

 

Current Status:   

1/24/2024 – Referred to Committee Senate Ways and Means

 

SB241

EXPEDITED REMOVAL-RENTAL OCCUPANTS (HUFFMAN S, BRENNER A) To provide for the expedited removal of unauthorized occupants of residential property and to prohibit the use and sale of fraudulent deeds.

 

Current Status:   

5/22/2024 – Senate Judiciary, (First Hearing)

 

SB245

REVISE ORC HOUSING LAWS (REYNOLDS M, CRAIG H) To revise the law governing eviction, real estate representation agreements, residential building code enforcement, and real property transfers, and to amend the version of section 3781.10 of the Revised Code that is scheduled to take effect January 1, 2025, to continue the changes after that date.

 

Current Status:   

6/25/2024 – Senate Select Committee on Housing, (Third Hearing)

 

SB246

RENAME DEPARTMENT TO HOUSING AND DEVELOPMENT (REYNOLDS M, CRAIG H) To rename the Department of Development the Department of Housing and Development and to otherwise modify the law related to housing, and to amend the versions of sections 3742.32 and 5104.30 of the Revised Code that are scheduled to take effect January 1, 2025, to continue the changes after that date.

 

Current Status:   

4/24/2024 – Referred to Committee Senate General Government

 

SB256

MINIMUM WAGE-EITC (BLESSING III L) To modify the state’s earned income tax credit, to increase the basic state minimum hourly wage, and to declare an emergency.

 

Current Status:   

5/22/2024 – Senate Ways and Means, (Second Hearing)