OH HB193

Eliminates the rental income limit restriction on tax-exempt property held by veterans' organizations qualified under Section 501(c)(19) or 501(c)(23) of the Internal Revenue Code.

Removes the previous "designated amount" threshold that increased from $7,500 in tax year 2002 to $10,000 by tax year 2012, which had limited the exemption when rental income exceeded those amounts.

Allows veterans' organizations incorporated under Ohio or federal law to claim full property tax exemption on real estate and tangible personal property without regard to income generated from that property.