Jun 17, 2013
HB84 HOME ACCESSIBILITY TAX CREDIT (Stinziano M) To authorize a nonrefundable income tax credit for the purchase or construction of an accessible home or for the renovation of a home to improve its accessibility.
Reps. Stinziano and Grossman presented the bill, which would create the Livable Homes Tax Credit. According to Stinziano, the credit would encourage improving the accessibility of Ohio's homes by providing state tax credits for building, purchasing, or remodeling homes that
incorporate accessibility features.
The representatives urged that this was important for the health and safety of Ohio's aging population.
"The need to address falls among older Ohioans will continue to grow as the number of Americans aged 65 and older is expected to double in the next 25 years due to increased life expectancy and aging of the baby boomers," said Stinziano.
"With Ohio's aging population and more individuals with disabilities seeking to live independent lives in the community, HB84 is a step in the right direction to ensure that accessible housing is available in future years," said Grossman.
Rep. Terhar asked if there were any federal programs similar to this proposal, to which the sponsors said that they have not discovered any yet. Rep. Scherer asked if the credit required an income-based evaluation of need, to which the sponsors said no.
Chair Beck asked if this credit could change the valuation of a home. Stinziano said he would look into that and get back to the chair.
The next step will be getting Proponent Testimony scheduled which we hope will be in the upcoming months.
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