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OH HB252
Bill
Status
Introduced
6/10/2015
Primary Sponsor
Robert Hackett
Click for details
AI Summary
- Amends section 321.26 of the Revised Code to revise county treasurer fee structure for property tax collection effective January 1, 2016
- For settlements before January 1, 2016, maintains tiered fee percentages ranging from 0.29947% on the first $100,000 to 0.1996% on amounts exceeding $2 million
- For settlements on or after January 1, 2016, replaces tiered structure with a simpler fee of 0.94495% on the first $5 million in qualifying collections and 0.1996% on amounts exceeding $5 million
- Requires the tax commissioner to annually adjust the $5 million threshold beginning in 2017 based on year-over-year increases in qualifying charges across all counties, rounded to the nearest $100,000
- Maintains existing penalty provisions reducing compensation by 1% per day for late settlements and existing definitions of "qualifying collections" and "qualifying charges"
Legislative Description
Adjusts fees to county treasurers for collecting property tax
Taxation
Last Action
Refer to Committee: Local Government
6/16/2015
Committee Referrals
Local Government6/16/2015
Full Bill Text
No bill text available