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HB 456

Regards amending a pre-1994 community reinvestment area

136th Legislature (2025-2026) Introduced by Jamie Callender

HB 456 amends Ohio's pre-1994 community reinvestment area rules, potentially altering tax incentives and economic development targeting for designated distressed neighborhoods.

Referred to committee
#economicdevelopment #taxation
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Bill Summary · HB 456

Legislative bill overview

HB 456 proposes amendments to Ohio's regulations governing pre-1994 community reinvestment areas (CRAs). The bill addresses how these designated economic development zones operate and potentially modifies tax incentives, investment requirements, or administrative procedures associated with them. Specific provisions are not detailed in the available information.

Why is this important

Community reinvestment areas are used to attract business investment and economic development in distressed neighborhoods through tax breaks and incentives. How these areas are defined and managed directly affects which communities receive development resources and whether existing programs achieve their intended economic outcomes.

Potential points of contention

  • Scope of changes unclear – Without knowing specific amendments, it's difficult to assess whether changes expand or restrict CRA benefits, affecting stakeholder buy-in
  • Equity and targeting – Pre-1994 designations may no longer reflect current economic conditions; amendments could redirect resources away from some communities while expanding to others
  • Revenue impact – Changes to tax incentive structures could affect state/local tax revenue or shift costs between government entities and private developers

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

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