❌ HB17
Regards tax classification of certain storage condominiums
Current Status: In House Committee (Development)
Summary
This bill amends section 5713.041 of the Revised Code to classify certain storage condominiums as residential property for tax purposes. It defines a storage condominium and outlines the criteria for classification, which includes ownership by individuals and dedicated use for storage. The classification is intended for tax reduction purposes and will apply to tax years ending on or after the effective date.
Rationale
The bill introduces a specific tax classification that may not align with the Libertarian principles of minimal government intervention and free market dynamics. However, it does not significantly infringe on individual rights or property rights, which allows for a mixed alignment score for the LPO.
Risks and Concerns
- Potential for increased government involvement in property classification
- May set a precedent for further tax classifications that could complicate property rights