HB546: Allow local governments establish investment funds, reduce taxes

Legislative Summary

To amend sections 323.151, 323.152, 323.153, 323.156, 327.01, 327.02, 327.04, 739.02, 739.07, 739.08, 4503.064, 4503.065, 4503.068, and 5747.502 and to enact sections 507.081, 739.15, 5705.75, 5705.76, 5705.77, and 5705.78 of the Revised Code to allow local governments to establish investment funds and use interest earnings to reduce taxes and special assessments on senior citizen homesteads.