OH SB363

Allows municipal corporations to file for abatement of unpaid property taxes, penalties, and interest on tax-exempt property within 12 months of the bill's effective date if exemption was denied due to procedural non-compliance with Chapter 5713 or section 5715.27 of the Revised Code.

Requires applicants to obtain a certificate from the county treasurer confirming all pre-exemption taxes, penalties, interest, and special assessments have been paid in full before the Tax Commissioner will consider the application.

Directs the Tax Commissioner to abate all unpaid taxes, penalties, and interest for every year the property qualified for exemption under section 5709.08 if the applicant meets the qualifications and the property is currently being used for an exempt purpose.

Permits the Tax Commissioner to apply this section to pending exemption applications or those filed within 12 months of the effective date without requiring a separate abatement request.

Declares the act an emergency measure effective immediately due to the need to prevent continued tax accrual on otherwise tax-exempt municipal property.