Ohio legislation · 136th General Assembly
Ohio HB982: Enact the Ohio Business Investment Act
Status: Introduced, July 28, 2026
To enact section 9.71 of the Revised Code to disallow companies associated with certain foreign countries from receiving state or local economic incentives and to name this act the Ohio Business Investment Act.
What the bill says
From the introduced text, July 28, 2026:
As Introduced 136th General Assembly Regular Session H. B. No. 982 2025-2026 Representative King Cosponsors: Representatives Hall, T., Salvo, Mullins, Gross, Johnson, Dean, Fischer, Lear, Creech, Newman To enact section 9.71 of the Revised Code to disallow companies associated with certain foreign countries from receiving state or local economic incentives and to name this act the Ohio Business Investment Act. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO: Section 1. That section 9.71 of the Revised Code be enacted to read as follows: Sec. 9.71. (A) As used in this section: (1) "Economic development assistance" has the same meaning as in section 9.66 of the Revised Code. (2) "Incentive" means any tax credit, grant, loan, economic development assistance, or funding of any kind from the state, a state agency, a political subdivision, a taxing authority, or the nonprofit corporation formed under section 187.01 of the Revised Code or any of its subsidiaries. (3) "Political subdivision" has the same meaning as in section 2744.01 of the Revised Code. (4) "Foreign country of concern" means a country with a government that is prohibited from purchasing or otherwise acquiring agricultural land in this state under section 5301.256 of the Revised Code. (5) "Disqualified entity" means: (a) A foreign country of concern or any agency or government instrumentality of a …
Sponsors
- Angela King (R, 84) · primary sponsor
- Rodney Creech (R, 40)
- Levi Dean (R, 71)
- Tex Fischer (R, 59)
- Jennifer Gross (R, 45)
- Thomas Hall (R, 46)
- Mark Johnson (R, 92)
- Beth Lear (R, 61)
- Diane Mullins (R, 47)
- Johnathan Newman (R, 80)
- Jodi Salvo (R, 51)
Latest actions
- : Introduced
Subjects: Taxation, Economic Development
Common questions
- What is HB982?
- HB982 is a bill in the Ohio Legislature (136th General Assembly): Enact the Ohio Business Investment Act.
- What does HB982 do?
- To enact section 9.71 of the Revised Code to disallow companies associated with certain foreign countries from receiving state or local economic incentives and to name this act the Ohio Business Investment Act.
- What is the status of HB982?
- Introduced as of July 28, 2026. Latest action: Introduced (July 28, 2026).
- Who sponsored HB982?
- Angela King (R, 84), with 10 co-sponsors.
- Where is the official record for HB982?
- On the Ohio Legislature website: https://www.legislature.ohio.gov/legislation/136/hb982
Source: official Ohio record. Tracked by Delilah, AI for legislation across all 50 states and Congress.