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SB 28

Levy a tax on certain high-volume landlords

136th Legislature (2025-2026) Introduced by Nickie Antonio and 4 co-sponsors

Ohio bill proposes taxation on high-volume residential landlords to address rental market concentration and generate housing-related revenue.

Referred to committee
#housingandrealproperty #taxation
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Bill Summary · SB 28

Legislative bill overview

SB 28 would impose a tax on landlords or entities that own a high volume of residential rental properties in Ohio. The bill targets large-scale rental operations rather than individual property owners, establishing a threshold above which entities would pay the tax. The revenue generated would presumably support state housing or affordable housing initiatives, though specific fund allocations are not detailed in the introduction summary.

Why is this important

Housing affordability and rental market concentration have become significant concerns in many states. Large institutional investors and corporate landlords have increasingly purchased single-family homes and apartment complexes, potentially driving up rents and reducing affordable housing stock. This bill represents a policy approach to either discourage large-scale consolidation of rental properties or generate revenue specifically tied to the rental market.

Potential points of contention

  • Definition and threshold concerns: The bill's effectiveness depends heavily on how "high-volume" is defined—too low and it catches small-scale investors; too high and it misses the largest corporate entities legislators may intend to target
  • Economic competitiveness: Critics may argue the tax discourages investment in rental housing construction and maintenance, potentially reducing available units and worsening housing shortages in competitive markets
  • Regressive impact: The tax could be passed to tenants through higher rents, potentially harming the low-income renters the policy may intend to protect, rather than affecting corporate profits

Compiled from official sources — confirm details with the bill’s official record.

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