Ohio § 1728.12
Full text of Ohio Ohio Revised Code § 1728.12, with citation guidance and answers to common questions.
§ 1728.12.
The tax exemption provided by section 1728.10 of the Revised Code applies only so long as the community urban redevelopment corporation and its project
remain subject to Chapter 1728. of the Revised Code, but in no event longer than thirty
years for one, two, or three family residential dwelling units and twenty years for
all other uses of the improvements from the date of the execution of the financial
agreement. Any corporation organized under Chapter 1728. of the Revised Code, may, at any time
after the expiration of one year from the completion date of a project, notify the
governing body of the municipal corporation with which it has entered into a financial
agreement that, as of a certain date designated in the notice, it relinquishes its
status under Chapter 1728. of the Revised Code as to all or any of the real property
included in the project. As of the date so set, the tax exemption and the payments in lieu of taxes shall
terminate as to the real property specified in the notice.
Frequently Asked Questions About Ohio § 1728.12
What does Ohio Revised Code § 1728.12 cover?
Section 1728.12 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 § 1728.12?
A common citation format is "Ohio Revised Code § 1728.12" (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 § 1728.12 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.