OH HB409

Amends Section 5709.12 of the Revised Code to exempt retail stores operated by nonprofit housing organizations from property taxation if they sell primarily donated items suitable for residential housing purposes.

Requires that proceeds from retail store sales be used solely for the nonprofit organization's charitable purposes related to housing.

Applies to tax year 2016 and thereafter, including any pending exemption applications or appeals before the Tax Commissioner, Board of Tax Appeals, courts, or Supreme Court.

Repeals existing Section 5709.12 and presents a composite version harmonizing amendments from previous legislation (Am. Sub. H.B. 483 and Sub. S.B. 172 of the 130th General Assembly).