Summary of Substitute Senate Bill 235

• Authorizes political subdivisions (municipalities, townships, counties) to exempt increases in property value from taxation for up to six years on newly developable or redevelopment property where industrial or commercial development is planned, beginning in tax year 2017.

• Modifies Ohio's unemployment compensation laws, including changes to wage definitions and contribution rate schedules for employers.

• Exempts climbers and climbing facilities from amusement ride regulations, allowing manufactured climbing walls to be regulated under a new Chapter 4175 of the Revised Code instead.

• Increases various fees and limits for pawnbrokers, including raising the maximum interest rate from 5% to 6% per month and adjusting storage charge caps.

• Adds sales tax exemptions for specified digital products delivered through vending machines and clarifies sales tax treatment for crude oil and natural gas production operations.