OH HB365

Creates a refundable income tax credit or rebate for Ohio homeowners and renters whose property taxes or 15% of their rent exceeds 5% of their household income

Eligibility requires occupying the homestead for at least 6 months, with total household resources capped at $100,000 (adjusted annually for inflation)

Credit/rebate limits based on income tiers: $1,000 maximum for households earning $60,000 or less, scaling down to $200 for households earning $90,000-$100,000

Property value and rent caps apply, based on the highest county median home value and median gross rent in Ohio according to American Community Survey data

Non-filers may claim the rebate via a separate application form; income thresholds and credit limits will be adjusted annually using the GDP deflator