The Neighborhood Protection Act amends Ohio tax laws to include new deductions and exclusions, and restricts certain real estate transactions.

The Neighborhood Protection Act amends Ohio tax laws to introduce new deductions and exclusions for various types of income and expenses. It allows deductions for capital gains from investments in Ohio businesses, organ donation expenses, and contributions to homeownership savings accounts, among others. The act also restricts institutional real estate investors from purchasing single-family or two-family residences unless they have been listed for sale for at least 30 days. Violations of this restriction are subject to civil penalties.

The Neighborhood Protection Act amends Ohio tax laws to include new deductions and exclusions, and restricts certain real estate transactions.

The Neighborhood Protection Act amends Ohio tax laws to introduce new deductions and exclusions for various types of income and expenses. It allows deductions for capital gains from investments in Ohio businesses, organ donation expenses, and contributions to homeownership savings accounts, among others. The act also restricts institutional real estate investors from purchasing single-family or two-family residences unless they have been listed for sale for at least 30 days. Violations of this restriction are subject to civil penalties.