OH SB199

Amends section 5701.03 of the Revised Code to expand the definition of "business fixture" to include cart paths, irrigation systems, and structures affixed to land consisting of soil and natural materials that require regular maintenance, primarily benefit the business, and are depreciable under federal tax code.

Enacts section 5713.031 to establish valuation methods for golf course properties that have not been subject to recent arm's length sales and are appraised as highest and best use or special purpose use.

For for-profit, daily-fee golf courses, requires county auditors to determine true value using the income approach, deducting tangible and intangible personal property value from the resulting valuation and applying capitalization rates that reflect weather and competition risks.

Allows county auditors to request income and expense data from golf course owners on forms prescribed by the tax commissioner, with such data treated as confidential and not subject to public records disclosure.

For all other golf courses, requires true value determination using the market data approach combined with the cost approach.