Buckeye Reporter

The Ohio Legislature is actively considering several bills that could impact small businesses in the state. Among these, House Bill 105 and Senate Bill 10 are of particular interest as they aim to introduce transparency in third-party litigation funding. According to the National Federation of Independent Business (NFIB), "Predatory lawsuits have become big business for third-party lenders looking to cash in on speculative legal action – dragging Ohio’s small businesses into costly legal battles." Small business owners are encouraged to reach out to state legislators to support this initiative.

Another legislative proposal under discussion is Senate Bill 11, which seeks to ban non-compete provisions or agreements required by employers. The NFIB warns that if passed, this legislation "would remove existing laws that allow an employer to protect their investments by restricting a current or previous employer from working for another employer for a specified time, within a geographic area, or in a capacity similar to what the worker did for that employer." Business owners are advised to contact their State Senators and Representatives to oppose SB 11.

House Bill 28 is already through the Ohio State House and pending in the Ohio Senate. This bill is designed to "simplify Ohio’s property tax system, promote transparency, and avoid unintended property tax increases by eliminating replacement property tax levies." Stakeholders are prompted to communicate with their State Senator in support of HB 28.

In related news, the NFIB’s Small Business Day is scheduled for May 20, 2025, in Columbus. Lieutenant Governor Jim Tressel is confirmed to attend, offering an opportunity for engagement with state legislative leaders. Small business owners are encouraged to register for the event.