OH HB614

Amends section 319.302 of the Revised Code to exclude land used for commercial timber production (receiving tax benefits under sections 5713.23 or 5713.31) from the definition of "business activity" for purposes of the 10% nonbusiness property tax rollback.

Allows commercial timber production property to qualify for the partial exemption from real property taxation, similar to agricultural and residential property exemptions.

Defines "agriculture" by reference to section 1.61 of the Revised Code rather than using the term "farming."

Applies to tax years beginning on or after the effective date of the amendment.

The bill repeals the existing section 319.302 and replaces it with the amended version.