OH SB333

Requires the Ohio Department of Natural Resources to make annual payments to local taxing units for state-owned land acquired on or after January 1, 2019, that exceeds 5,000 acres and is exempt from taxation.

Payment amount equals the taxes that would be charged if the land were not tax-exempt, with one-half of the payment going to the county treasurer within 30 days of each settlement under section 321.24 of the Revised Code.

County treasurer distributes payments among taxing units where the land is located as if the money were levied and collected as taxes.

Prevents duplicate compensation by prohibiting payments under section 1531.27 of the Revised Code for the same land receiving payments under this section.

Funds payments from the state park fund and amends section 1546.21 to designate fines collected by the Division of Parks and Watercraft for use in making these in-lieu-of-tax payments.