Bill Text: OH HB309 | 2009-2010 | 128th General Assembly | Introduced
Bill Title: To lengthen the period for which certain structures in a Community Reinvestment Area may be exempted from property taxation.
Spectrum: Partisan Bill (Republican 15-0)
Status: (Introduced - Dead) 2009-10-13 - To Ways & Means [HB309 Detail]
Download: Ohio-2009-HB309-Introduced.html
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Representative Batchelder
Cosponsors:
Representatives Grossman, Derickson, Huffman, Bubp, Hall, Evans, Hottinger, Stebelton, Ruhl, Adams, R., McGregor, Wagner, Combs, Mecklenborg
To enact section 3735.674 of the Revised Code to | 1 |
lengthen the period for which certain structures | 2 |
in a Community Reinvestment Area may be exempted | 3 |
from property taxation. | 4 |
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:
Section 1. That section 3735.674 of the Revised Code be | 5 |
enacted to read as follows: | 6 |
Sec. 3735.674. Notwithstanding anything to the contrary in | 7 |
section 3735.67 of the Revised Code, a legislative authority | 8 |
adopting a resolution under section 3735.66 of the Revised Code | 9 |
may specify in the resolution that new structures shall be | 10 |
exempted from property taxation for a period not exceeding thirty | 11 |
years if all the following conditions are satisfied: | 12 |
(A) The petition required by section 3735.66 of the Revised | 13 |
Code is submitted to and approved by the director of development, | 14 |
and construction of the new structures begins, not later than one | 15 |
year after the effective date of this section as enacted by ..... | 16 |
of the 128th general assembly. | 17 |
(B) The new structures are for commercial or industrial uses | 18 |
only. | 19 |
(C) The total cost of construction of the new structures is | 20 |
at least one hundred million dollars. | 21 |
(D) At least one hundred individuals are employed in the | 22 |
construction of the structures, at least seventy-five per cent of | 23 |
whom are residents of this state. | 24 |
(E) At least seventy-five per cent of materials used in the | 25 |
construction or remodeling are manufactured in this state or | 26 |
supplied by persons whose principal place of business is in this | 27 |
state. | 28 |
(F) Once completed, the occupants of the new structures | 29 |
employ a total of at least two hundred new full-time employees. | 30 |
(G) The new structures are not occupied by any business or | 31 |
other person that has reduced operations elsewhere in this state | 32 |
within one year before or after first occupying the structure. If | 33 |
any new structure specified in the resolution is occupied by a | 34 |
business or other person that has reduced operations elsewhere in | 35 |
this state within one year before or after first occupying the | 36 |
structure, the exemption of that structure from taxation under | 37 |
this section and section 3735.67 of the Revised Code is limited to | 38 |
the fifteen-year term provided by division (D)(4) of section | 39 |
3735.67 of the Revised Code. | 40 |
(H) An agreement is entered into by the legislative authority | 41 |
and the owner of the property under section 3735.671 of the | 42 |
Revised Code and the agreement incorporates the conditions | 43 |
specified in this section, and the agreement is approved by the | 44 |
board of education as provided in division (A)(1) of that section. | 45 |
The terms of agreements specified in divisions (B) and (C) of that | 46 |
section shall be modified as necessary to be consistent with this | 47 |
section. | 48 |