H.B. 267 Summary

• Removes the income limit restriction for elderly and disabled homeowners applying for homestead exemptions, allowing those with $30,000 or more in Ohio adjusted gross income to qualify for 2013 and later tax years.

• Eliminates provisions requiring annual income threshold adjustments based on gross domestic product deflator calculations for homestead exemption eligibility.

• Removes "total income" definition references and related income verification language from application forms and procedures for both real property and manufactured/mobile home tax reductions.

• Allows elderly (65+) or permanently and totally disabled homeowners who did not receive exemptions in 2013 to file late applications and receive retroactive relief or refunds for missed years.

• Applies amendments retroactively to all property taxes charged and payable after January 1, 2013.