Ohio legislation · 136th General Assembly
Ohio HB1003: Enact the Neighborhood Protection Act
Status: Introduced, September 8, 2026
To amend section 5747.01 and to enact sections 1749.01, 1749.02, and 1749.04 of the Revised Code regarding institutional investors bidding on, and the use of federal depreciation and interest deductions against the state income tax with respect to, certain residential property and to name this act the Neighborhood Protection Act.
What the bill says
To amend section 5747.01 and to enact sections 1749.01, 1749.02, and 1749.04 of the Revised Code regarding institutional investors bidding on, and the use of federal depreciation and interest deductions against the state income tax with respect to, certain residential property and to name this act the Neighborhood Protection Act.
From the introduced text, September 8, 2026:
To amend section 5747.01 and to enact sections 1749.01, 1749.02, and 1749.04 of the Revised Code regarding institutional investors bidding on, and the use of federal depreciation and interest deductions against the state income tax with respect to, certain residential property and to name this act the Neighborhood Protection Act. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO: Section 1. That section 5747.01 be amended and sections 1749.01, 1749.02, and 1749.04 of the Revised Code be enacted to read as follows: Sec. 1749.01. As used in this chapter: (A) "Combined group" means a group of business entities that have a common ownership interest, wherein a business has the power to direct or cause the direction of the management and policies of another business entity, whether through ownership of voting securities, by contract, or otherwise. (B)(1) "Covered entity" means an institutional real estate investor or an entity that receives funding from an institutional real estate investor for the purchase of a single-family or two-family dwelling. A loan provided in exchange for a mortgage of the residence that is being purchased is not considered funding, provided that the mortgage is of a type for which members of the general public can apply. (2) "Covered entity" does not include any of the following: (a) An organization that is a …
Sponsors
- Desiree Tims (D, 38) · primary sponsor
- Dontavius Jarrells (D, 1) · primary sponsor
Latest actions
- : Introduced
Subjects: Housing and Real Property, Real Estate Transactions, Taxation
Common questions
- What is HB1003?
- HB1003 is a bill in the Ohio Legislature (136th General Assembly): Enact the Neighborhood Protection Act.
- What does HB1003 do?
- In its own words: To amend section 5747.01 and to enact sections 1749.01, 1749.02, and 1749.04 of the Revised Code regarding institutional investors bidding on, and the use of federal depreciation and interest deductions against the state income tax with respect to, certain residential property and to name this act the Neighborhood Protection Act.
- What is the status of HB1003?
- Introduced as of September 8, 2026. Latest action: Introduced (September 8, 2026).
- Who sponsored HB1003?
- Desiree Tims (D, 38), with 1 co-sponsor.
- Where is the official record for HB1003?
- On the Ohio Legislature website: https://www.legislature.ohio.gov/legislation/136/hb1003
Source: official Ohio record. Tracked by Delilah, AI for legislation across all 50 states and Congress.