As Reported by the House Veterans Affairs Committee

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, Johnson, Pillich, Fedor, Hagan, C., Milkovich, Yuko 

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A BILL

To amend section 5709.17 of the Revised Code to

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eliminate the rental income limit that is a

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condition for the veterans' organization property

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tax exemption.

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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