Money, credits, investments, deposits, and other intangible property belonging, either legally or beneficially, to corporations, trusts, associations, funds, foundations, or community chests, organized and operated exclusively for religious, charitable, scientific, literary, health, hospital, educational, or public purposes, exclusively for the prevention of cruelty to children or animals, exclusively for a home for the aged, as defined in section 5701.13 of the Revised Code, or exclusively for contributing financial support to any such purposes, no part of the net earnings of which inures to the benefit of any private shareholder member or other individual, and no substantial part of the activities of which is carrying on propaganda or otherwise attempting to influence legislation, shall not be subject to taxation.
Effective Date: 05-31-1968
Section: Previous 5709.01 5709.02 5709.03 5709.04 5709.041 5709.05 5709.06 5709.07 5709.08 5709.081 5709.082 5709.083 5709.084 5709.09 5709.10 NextLast modified: October 10, 2016