Allows use of unclaimed funds to temporarily cover delinquent property taxes in Ohio.
This bill allows the use of unclaimed funds to temporarily cover delinquent property taxes in Ohio. County auditors can apply for payments from the unclaimed funds trust fund to cover delinquent taxes on eligible land. Payments are limited to the amount of delinquent taxes charged against the land and cannot exceed 25% of the fair market value. The total payments approved cannot exceed $150 million. If delinquent taxes are recovered, the county auditor must repay the treasurer of state from the county's general fund within six years.
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