Ohio 2023-2024 Regular Session

Ohio House Bill HB192

Caption

Regards Treasurer of State; electronic payment of taxes

Impact

The bill's implementation is expected to alleviate some financial barriers for small business owners and families. For small businesses, it allows loans to cover necessary operational costs, thus aiding in growth and sustainability. Similarly, for homeowners, access to reduced-rate loans for improvement projects aims to enhance property values and community livability, subsequently encouraging population retention in the state. The adoption linked deposit program is indicated to lessen the financial burden for families, thereby promoting the welfare of children and the growth of households.

Summary

House Bill 192 is designed to amend various sections of the Ohio Revised Code to enhance the availability of financial resources for small businesses and promote homeownership. A significant component is the establishment of linked deposit programs aimed at providing reduced-rate loans to small businesses, homeowners seeking home improvements, and families pursuing adoption. The bill incorporates a legislative intent to boost economic growth and maintain job levels within the state by making financial support more accessible to relevant stakeholders.

Contention

Some concerns raised about HB 192 entail whether the linked deposit programs can effectively reach the targeted groups without creating excessive administrative burdens. Additionally, skeptics question if the reduced rates offered will sufficiently incentivize financial institutions to participate. Legislative discussions highlighted these apprehensions, underscoring the need for accountability in ensuring that the intended economic benefits translate into real-world impacts for the communities benefiting from the bill.

Companion Bills

No companion bills found.

Previously Filed As

OH SB74

Regards Treasurer of State and electronic payment of taxes

OH HB332

Create the small defense business linked deposit program

OH SB94

Regards the Treasurer of State, recorded instruments, liens, etc.

OH HB278

Regards the Treasurer of State

OH SF506

A bill for an act relating to health facilities and health services including licensing and the certificate of need process, and including effective date provisions. (Formerly SSB 1117.)

OH SSB1117

A bill for an act relating to the certificate of need process.(See SF 506.)

OH HF972

A bill for an act relating to health care including a funding model for the rural health care system; the elimination of several health care-related award, grant, residency, and fellowship programs; establishment of a health care professional incentive program; Medicaid graduate medical education; the health facilities council; and the Iowa health information network, making appropriations, and including effective date provisions. (Formerly HF 754, HSB 191.) Contingent effective date, effective 05/28/2025, 07/01/2025.

OH HF754

A bill for an act relating to health care including a funding model for the rural health care system; the elimination of several health care-related award, grant, residency, and fellowship programs; establishment of a health care professional incentive program; Medicaid graduate medical education; the health facilities council; and the Iowa health information network, making appropriations, and including effective date provisions.(Formerly HSB 191; See HF 972.)

OH HSB191

A bill for an act relating to health care including a funding model for the rural health care system; the elimination of several health care-related award, grant, residency, and fellowship programs; establishment of a health care professional incentive program; Medicaid graduate medical education; the health facilities council; and the Iowa health information network, making appropriations, and including effective date provisions.(See HF 754, HF 972.)

OH SSB1163

A bill for an act relating to health care including a funding model for the rural health care system; the elimination of several health care-related award, grant, residency, and fellowship programs; establishment of a health care professional incentive program; Medicaid graduate medical education; the health facilities council; and the Iowa health information network, making appropriations, and including effective date provisions.(See SF 575, SF 618.)

Similar Bills

OH SB74

Regards Treasurer of State and electronic payment of taxes

OH HB278

Regards the Treasurer of State

OH SB94

Regards the Treasurer of State, recorded instruments, liens, etc.

CA SB1498

Financial institutions: Department of Financial Protection and Innovation: money transmissions.

MS HB1043

Mississippi Bullion Depository; establish and authorize fractional reserve currency.

MS HB1684

Mississippi Bullion Depository; establish and authorize fractional reserve currency.

MS HB1661

Mississippi Bullion Depository; establish.

MS HB1042

Mississippi Bullion Depository; establish.