5709.084 [Effective 9/13/2010] Exemption of convention centers.
5709.084 [Effective 9/13/2010] Exemption of convention centers.
Real and personal property comprising a convention center that is constructed or, in the case of personal property, acquired after January 1, 2010, are exempt from taxation if the convention center is located in a county having a population, when construction of the convention center commences, of more than one million two hundred thousand according to the most recent federal decennial census, and if the convention center, or the land upon which the convention center is situated, is owned or leased by the county. For the purposes of this section, construction of the convention center commences upon the earlier of issuance of debt to finance all or a portion of the convention center, demolition of existing structures on the site, or grading of the site in preparation for construction.
As used in this section, “convention center” has the same meaning as in section 307.695 of the Revised Code.
Added by 128th General Assembly File No. 47, SB 181, § 1, eff. 9/13/2010.