Ohio § 5709.72
Full text of Ohio Ohio Revised Code § 5709.72, with citation guidance and answers to common questions.
§ 5709.72.
All tangible and intangible personal property shall be exempt from taxation if the
following conditions exist in the year for which exemption is sought: (A) The owner is a nonprofit corporation that is exempt from federal income taxes under
the provisions of section 501(c)(3) of the Internal Revenue Code of 1954 , as amended, and the owner's primary purposes are conducting research and development
in library technology and providing computerized or automated services to public,
charitable, or educational libraries; (B) The property is used in any of the following: (1) Furnishing services to libraries and to similar information resource agencies or
institutions whose activities directly benefit libraries, provided at least eighty
per cent of the owner's revenues from furnishing those services are paid by libraries,
agencies, and institutions that are public, charitable, or educational; (2) Conducting research and development in technology specifically for use in libraries,
the majority of which are public, charitable, or educational; (3) Providing products, internal support, or auxiliary services related to activities
described in divisions (B)(1) and (2) of this section.
Frequently Asked Questions About Ohio § 5709.72
What does Ohio Revised Code § 5709.72 cover?
Section 5709.72 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5709.72?
A common citation format is "Ohio Revised Code § 5709.72" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5709.72 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.