Ohio § 1501.29
Full text of Ohio Ohio Revised Code § 1501.29, with citation guidance and answers to common questions.
§ 1501.29.
(A) As used in this section: (1) “ Qualifying land ” means land that meets all of the following criteria: (a) The land is owned in fee by the department of natural resources or the department
owns an interest in the land. (b) The land or the department's interest in the land is exempted from taxation. (c) The total area of the land is more than five thousand acres. (d) The land or interest in the land was acquired by the department on January 1, 2018,
or thereafter, in either one transaction or a series of transactions with the same
seller. (2) “ Unimproved taxable value ” means the taxable value of qualifying land, exclusive of improvements, for the tax
year in which the land or interest in the land was acquired by the department of natural
resources. (B) On or before the thirtieth day of June of each year, beginning in 2022, the director
of natural resources shall pay to the county treasurer of each county in which qualifying
land is located, an amount equal to two and one-half per cent of the unimproved taxable
value of qualifying land located within that county. The director shall draw the funds necessary to make such payments from the state
park fund created under section 1546.21 of the Revised Code , the wildlife fund created under section 1531.17 of the Revised Code , or both of those funds. (C) Within thirty days of receiving a payment under division (B) of this section, the
county treasurer shall distribute the money among the taxing units within the territory
of which the county's qualifying land is located as follows: (1) Sixty per cent of the money shall be distributed proportionally among school districts
that include qualifying land located within the county based on the unimproved taxable
value of that qualifying land located within the territory of each such school district. (2) Forty per cent of the money shall be distributed proportionally among taxing units
other than school districts that include qualifying land located within the county
based on the unimproved taxable value of that qualifying land located within the territory
of each such taxing unit. (D) Moneys received by a school district or other taxing unit under this section shall
be used for any lawful purpose. (E) If compensation is payable for land or interests in land under this section, no compensation
shall be made payable under section 1531.27 of the Revised Code for the same land or interest.
Frequently Asked Questions About Ohio § 1501.29
What does Ohio Revised Code § 1501.29 cover?
Section 1501.29 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 § 1501.29?
A common citation format is "Ohio Revised Code § 1501.29" (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 § 1501.29 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.