Ohio Code § 1728.12
Ohio Code § 1728.12. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 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.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1728.12
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1728.12?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1728.12 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1728.12 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.