As Introduced

129th General Assembly
Regular Session
2011-2012
H. B. No. 193


Representative Uecker 

Cosponsors: Representatives Wachtmann, O'Brien, Bubp, Ashford, Brenner, Fende, Combs, Derickson, Dovilla, Adams, J., Okey 

A BILL
To amend section 5709.17 of the Revised Code to 1
eliminate the rental income limit that is a 2
condition for the veterans' organization property 3
tax exemption.4


BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:

       Section 1. That section 5709.17 of the Revised Code be 5
amended to read as follows:6

       Sec. 5709.17.  The following property shall be exempted from 7
taxation:8

       (A) Real estate held or occupied by an association or 9
corporation, organized or incorporated under the laws of this 10
state relative to soldiers' memorial associations, monumental 11
building associations, or cemetery associations or corporations, 12
which in the opinion of the trustees, directors, or managers 13
thereof is necessary and proper to carry out the object intended 14
for such association or corporation;15

       (B) Real estate and tangible personal property held or 16
occupied by a veterans' organization that qualifies for exemption 17
from taxation under section 501(c)(19) or 501(c)(23) of the 18
"Internal Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 1, as 19
amended, and is incorporated under the laws of this state or the 20
United States, except real estate held by such organization for 21
the production of rental or other income in excess of the 22
designated amount, before accounting for any cost or expense 23
incurred in the production of such income. For the purposes of 24
this division, the designated amount equals seven thousand five 25
hundred dollars in tax year 2002, and shall be increased by two 26
hundred fifty dollars each year thereafter until tax year 2012, 27
when it shall equal ten thousand dollars. For tax years 2013 and 28
thereafter, the designated amount shall equal ten thousand 29
dollars.30

       (C) Tangible personal property held by a corporation 31
chartered under 112 Stat. 1335, 36 U.S.C.A. 40701, described in 32
section 501(c)(3) of the Internal Revenue Code, and exempt from 33
taxation under section 501(a) of the Internal Revenue Code shall 34
be exempt from taxation if it is property obtained as described in 35
112 Stat. 1335-1341, 36 U.S.C.A. Chapter 407.36

       Section 2. That existing section 5709.17 of the Revised Code 37
is hereby repealed.38