2006 Ohio Revised Code - 715.81. Municipal and township authority; tax exemptions.
§ 715.81. Municipal and township authority; tax exemptions.
The powers granted under
sections 715.72 to
715.81 of the Revised Code are in addition to and not in the derogation of all other powers granted to municipal corporations and townships pursuant to law. When exercising a power or performing a function or duty under a contract entered into under
section 715.72 of the Revised Code, a municipal corporation may exercise all of the powers of a municipal corporation, and may perform all the functions and duties of a municipal corporation, within the joint economic development district, pursuant to and to the extent consistent with the contract. When exercising a power or performing a function or duty under a contract entered into under either
section 715.72 or
section 715.691 [715.69.1] of the Revised Code, a township may exercise all of the powers of a township, and may perform all the functions and duties of a township, within the joint economic development district, or joint economic development zone that is subject to division (I)(2) of
section 715.691 [715.69.1] of the Revised Code, pursuant to and to the extent consistent with the contract. No political subdivision shall grant any tax exemption under Chapter 1728. or section 3735.67, 5709.62, 5709.63, or 5709.632 [5709.63.2] of the Revised Code on any property located within the district, or zone that is subject to division (I)(2) of
section 715.691 [715.69.1] of the Revised Code, except that a political subdivision that is a contracting party may grant a tax exemption under
section 5709.62,
5709.63, or
5709.632 [5709.63.2] of the Revised Code on property located within the district, or zone that is subject to division (I)(2) of
section 715.691 [715.69.1] of the Revised Code, with the consent of the other contracting parties. The prohibition against granting a tax exemption under this section does not apply to any exemption filed, pending, or approved before the effective date of the contract entered into under either
section 715.72 or
section 715.691 [715.69.1] of the Revised Code.
HISTORY: 146 v H 269 (Eff 11-15-95); 146 v H 442. Eff 7-9-96.
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