Ohio Code § 5709.72
Ohio Code § 5709.72. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 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.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5709.72
- 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 § 5709.72?
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 § 5709.72 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 § 5709.72 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Statutes are amended, repealed, and renumbered every session.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.