Ohio Code § 902.11

§ 902.11.

(A) Any real or personal property, or both, of an issuer that is acquired, constructed,

reconstructed, enlarged, improved, furnished, or equipped, or any combination thereof,

and leased or subleased under authority of this chapter shall be subject to ad valorem,

sales, use, and franchise taxes and to zoning, planning, and building regulations

and fees, to the same extent and in the same manner as if the lessee-user or sublessee-user

thereof, rather than the issuer, had acquired, constructed, reconstructed, enlarged,

improved, furnished, or equipped, or any combination thereof, such real or personal

property, and title thereto was in the name of such lessee-user or sublessee-user. The transfer of tangible personal property by lease or sublease under authority of

this chapter is not a sale as used in Chapter 5739. of the Revised Code.  The exemptions provided in divisions (B)(1) and (13) of section 5739.02 of the Revised

Code shall not be applicable to purchases for a project under this chapter. An issuer shall be exempt from all taxes on its real or personal property, or both,

that has been acquired, constructed, reconstructed, enlarged, improved, furnished,

or equipped, or any combination thereof, under this chapter so long as such property

is used by the issuer for purposes that would otherwise exempt such property;  has

ceased to be used by a former lessee-user or sublessee-user and is not occupied or

used;  or has been acquired by the issuer, but development has not yet commenced.  The exemption shall be effective as of the date the exempt use begins.  All taxes on the exempt real or personal property for the year should be prorated

and the taxes for the exempt portion of the year shall be remitted by the county auditor. (B) Bonds issued under this chapter, the transfer thereof, and the interest and other

income from the bonds, including any profit made on the sale thereof, are free from

taxation within the state.