OH SB28

Levies a "housing market impact tax" of $2,000 per month on each single-family, two-family, or three-family dwelling owned by any person or entity owning 50 or more such properties in any Ohio county

Requires monthly tax returns filed by the 21st of each month, with the tax due on taxable houses owned on the first day of the preceding month

Distributes tax revenue 50% to the Low- and Moderate-Income Housing Trust Fund and 50% to the Local Government Fund

Imposes penalties for non-compliance up to 5% of the median Ohio home price multiplied by the number of taxable houses owned, plus interest on late payments

Requires pass-through entities (LLCs, partnerships, etc.) owning taxable houses to file ownership disclosure statements with county auditors, including contact information and property identification numbers