OAR commends Ohio House for removing tax increases from state budget bill

tax increase

The Ohio Association of REALTORS commends the Ohio House of Representatives for removing proposed business and consumer tax increases from House Bill 64, the biennial state operating budget bill.

“Ohio’s REALTORS are committed to building a better and stronger real estate marketplace, one that allows property owners to realize the American Dream and propels the overall economy of Ohio forward,” said OAR President Greg Hrabcak. “We commend lawmakers for striving to boost Ohio’s competitiveness through tax reform and believe the changes contained in the budget package modified by the Ohio House will ensure that state’s real estate sector continues to establish a solid foundation for a sustainable, growing marketplace.”

OAR, which is also a member of the Ohio Service Industry Coalition, previously went on record opposing three elements of HB 64: an 8.7 percent increase in the state sales tax rate, the imposition of a new sales tax on a host of services used regularly by both individual and business consumers, and a 23 percent increase in the state’s commercial activities tax.

REALTORS applaud the leadership of Speaker Cliff Rosenberger and Finance Committee Chairman Ryan Smith for their thoughtful approach and diligent effort in crafting a modified HB 64 package.

The Ohio Association of REALTORS, with nearly 28,000 members, is the largest professional trade association in Ohio.

Souce: www.OhioRealtors.org

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