The bill amends section 5739.02 of the Revised Code to introduce a sales and use tax exemption for items purchased by logistics businesses specifically for transporting manufactured products, general merchandise, and grocery products. This exemption aims to reduce the financial burden on logistics companies, potentially improving their operational efficiency and competitiveness. The bill also clarifies and expands the definitions and categories of tangible personal property sales that are exempt from sales tax, particularly for businesses involved in transportation and warehousing. It defines "qualifying business" and specifies exempt sales, including those related to trucks and their power sources.

In addition to the logistics exemption, the bill proposes several new exemptions for various goods and services, including medical supplies, emergency vehicles for nonprofit organizations, and agricultural equipment. It also introduces exemptions for feminine hygiene products, children's diapers, and child safety items, along with a sales tax holiday for certain clothing and school supplies. The existing section 5739.02 is repealed, and the new amendments will take effect on the first day of the month following the bill's enactment. Overall, the bill aims to streamline the sales tax exemption process while ensuring compliance with existing regulations.

Statutes affected:
As Introduced: 5739.02