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House Passes Demetriou's Legislation Supporting Seniors, Veterans

May 24, 2023
Steve Demetriou News

COLUMBUS –The House joined State Representative Steve Demetriou (R-Bainbridge Twp.) and Representative Thomas Hall (R-Madison Twp.) in passing legislation to adjust homestead exemptions to match inflation costs.

This adjustment will help Ohio seniors and totally disabled veterans save money by giving them a property tax credit that will match the rise in inflation using the national gross domestic product index.

“Ohioans on fixed incomes, namely our seniors and totally disabled Veterans, are disproportionately affected by inflation,” Demetriou said. “To put it simply, House Bill 57 will help to ensure that seniors and disabled veterans are not expensed out of their homes.”

The GDP index steadily increased in 2021 and 2022 causing concern for those living on a fixed income. Demetriou’s legislation will enhance exemption amounts to the index to help decrease inflationary risk for seniors and totally disabled veterans.

The legislation will now head to Ohio Senate for further consideration.