OH HB587

Changes the lead abatement tax credit from nonrefundable to refundable, allowing excess credits to be refunded to taxpayers instead of only carried forward for seven years.

Increases the annual cap on lead abatement tax credit certificates issued by the Director of Health from $5 million to $35 million per fiscal year.

Applies the refundable credit modification to lead abatement costs on eligible dwellings (residential units constructed before 1978) incurred in taxable years beginning on or after the bill's effective date.

Appropriates $100 million in fiscal year 2022 to the Department of Development for lead abatement and lead safety workforce job training program.

Appropriates $310 million to the Department of Health ($60 million for ARPA-Lead Activities and $250 million for Lead Poisoning Prevention) and $30 million to the Department of Medicaid for Children's Lead Program in fiscal year 2022.