A bill introduced last June that would allow parcel owners to opt out of incentive-district TIFs was recently voted out of the Ohio House of Representatives State and Local Government Committee (See our June 11, 2013, blog post for more information). H.B. 198 would require new TIF districts to be square or rectangular – though if rectangular, the districts could not be too elongated. In addition, the legislation would require that TIF improvements benefit all parcels in the district and would require notice informing owners of property that will be partially within a proposed TIF that they have the right to exclude their property from the TIF district. For more, read the full Ohio Legislative Service Commission Bill Analysis of Am. H.B. 198.
House committee approves bill that would allow parcel owners to opt out of incentive-district TIF
