The bill, introduced by Senators Wilkin and Lang, amends section 5739.02 of the Revised Code to provide a sales and use tax exemption for items purchased by logistics businesses specifically for transporting manufactured products, general merchandise, and grocery products. This amendment aims to reduce the financial burden on logistics companies, which are vital to the supply chain and distribution of goods. The new legal language inserted into the bill explicitly states this exemption, while no deletions from the current law are noted.

In addition to the logistics exemption, the bill introduces several other amendments to the tax code, including exemptions for sales of prosthetic devices, durable medical equipment, and emergency vehicles to nonprofit organizations. It clarifies exemptions related to telecommunications services, agricultural operations, and sales to certified teachers for educational purposes. The bill also defines "qualifying business" and outlines criteria for what constitutes a "truck" and "completed product." By repealing the existing section 5739.02 and establishing new provisions, the bill aims to streamline the sales tax framework and enhance support for businesses in the transportation and warehousing sectors.

Statutes affected:
As Introduced: 5739.02