REPRESENTATIVES Calvert, Carey, Britton, Damschroder, Evans, Seitz, Hartnett, Fedor, Young, Boccieri, Hollister, Core, Schuring, Jolivette, Redfern, Allen, Willamowski, Womer Benjamin, Latta, Gilb, Coates, Brown, S. Smith, Sykes, Kilbane, Olman

To amend section 5709.17 of the Revised Code to exempt

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from taxation property held or occupied by

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veterans' organizations that qualify for income tax

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exemption under the Internal Revenue Code, except

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real property used to generate annual gross income

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of more than a specified amount.

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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	7
amended to read as follows:	8

Sec. 5709.17. The following property shall be exempted from	9
taxation:	10

(A) Real estate held or occupied by an association or	11
corporation, organized or incorporated under the laws of this	12
state relative to soldiers' memorial associations, monumental	13
building associations, or cemetery associations or corporations,	14
which in the opinion of the trustees, directors, or managers	15
thereof is necessary and proper to carry out the object intended	16
for such association or corporation, shall be exempt from	17
taxation.;	18

(B) Real estate and tangible personal property held or	19
occupied by a war veterans' organization, which is organized	20
exclusively for charitable purposesthat qualifies for exemption	21
from taxation under section 501(c)(19) or 501(c)(23) of the	22
"Internal Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 1, as	23
amended, and is incorporated under the laws of this state or the	24
United States, except real estate held by such organization for	25
the production of rental or other income, shall be exempt from	26
taxationin excess of the designated amount, before accounting for	27
any cost or expense incurred in the production of such income. For	28
the purposes of this division, the designated amount equals seven	29
thousand five hundred dollars in tax year 2002, and shall be	30
increased by two hundred fifty dollars each year thereafter until	31
tax year 2012, when it shall equal ten thousand dollars. For tax	32
years 2013 and thereafter, the designated amount shall equal ten	33
thousand dollars.	34

Section 2.  That existing section 5709.17 of the Revised Code	35
is hereby repealed.	36