Ohio Preserves Lower Real Estate Taxes for LIHTC Sites
On Dec. 20, 2012, Ohio Gov. John Kasich signed a bill into law that will keep real estate taxes lower for properties with income restrictions, including low-income housing tax credit properties. The provision was added to H.B. 510 during Ohio’s lame duck congressional session in an effort to make law a practice that had been common in the state before a bill passed earlier in 2012 prohibited it.