SB28

Levy a tax on certain high-volume landlords

Senate | In Senate Committee (Housing)

📋 What This Bill Does

The bill levies a tax of $2,000 on each high-volume landlord owning 50 or more taxable houses in Ohio, effective from January following its enactment. It requires landlords to file tax returns monthly and includes penalties for non-compliance. The tax revenue is allocated to a housing market impact tax revenue fund, which supports low- and moderate-income housing and local government funds.

Plain English summary · Non-partisan · Auto-generated

Rationale

The bill imposes a new tax on property owners, which conflicts with Libertarian principles of minimal government intervention and taxation. It also creates additional regulatory burdens on landlords, undermining property rights and free market principles.

Risks and Concerns

Increased financial burden on landlords may lead to higher rents for tenants.
Potential for reduced housing availability as landlords may sell properties to avoid taxes.
Encourages government overreach into private property management.

Platform Citations (4)

2.1 Aggression, Property, and Contract OPPOSES

The bill imposes a tax on property owners, infringing on their property rights.

2.10 Sex Work OPPOSES

Similar to taxation on property, it reflects government overreach into personal and economic freedoms.

free_markets OPPOSES

The tax disrupts free market principles by imposing government control over property ownership.

taxation_spending OPPOSES

The bill introduces a new tax, contradicting the call for reduced taxation.