OH HB12

Requires political subdivisions (municipalities, townships, counties) to provide written notice to all property owners within proposed tax increment financing (TIF) incentive districts at least 30 days before creating the district.

Allows property owners whose entire parcel is not located within the delineated "overlay" area to exclude their property from the incentive district by submitting a written response within 45 days of receiving notice.

Requires political subdivisions to amend ordinances or resolutions to exclude any parcels for which written exclusion responses are received before adopting the TIF district.

Prohibits political subdivisions from applying for tax exemptions on behalf of owners who have excluded their properties, and prevents service payments from being required from excluded parcel owners.

Applies to incentive districts created under sections 5709.40 (municipal), 5709.73 (township), and 5709.78 (county) of Ohio Revised Code, giving property owners greater input in TIF district formation.