Ohio § 5540.14
Full text of Ohio Ohio Revised Code § 5540.14, with citation guidance and answers to common questions.
§ 5540.14.
The exercise of the powers granted by this chapter is in all respects for the benefit
of the people of the state, for the increase of their commerce and prosperity, and
for the improvement of their health and living conditions, and as the construction,
maintenance, and repair of projects by a transportation improvement district constitute
the performance of essential governmental functions, the district shall not be required
to pay any state or local taxes or assessments upon any project, or upon revenues
or any property acquired or used by the district under this chapter, or upon the income
therefrom. The bonds issued under this chapter, their transfer, and the income therefrom, including
any profit made on the sale thereof, shall at all times be free from taxation within
the state.
Frequently Asked Questions About Ohio § 5540.14
What does Ohio Revised Code § 5540.14 cover?
Section 5540.14 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 § 5540.14?
A common citation format is "Ohio Revised Code § 5540.14" (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 § 5540.14 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.