OH SB221

Amends Ohio Revised Code section 5709.081 to authorize property tax exemption for real property constituting public recreational facilities owned by municipal corporations and used primarily by independent professional minor league baseball teams for a significant portion of their home schedule.

Facility must be constructed in 2008 or thereafter, with the baseball team operating under a lease, license, management agreement, or similar arrangement requiring payment of rent, revenue, or other remuneration to the municipal corporation.

Any residual cash accruing to the municipal corporation from facility operations must be used for public purposes of the municipality.

Defines "independent professional minor league baseball team" as a professional baseball team that is a member of an established league composed of teams not affiliated with major league baseball constituent member clubs.

Amendments apply to tax years 2009 and thereafter, with exemption applications for tax year 2009 allowed to be filed after December 30, 2009, and any 2009 taxes paid to be refunded if property qualifies for exemption.