The bill amends section 5739.02 of the Revised Code to introduce a sales and use tax exemption for logistics businesses purchasing items specifically for transporting manufactured products, general merchandise, and grocery products. This exemption is designed to reduce the financial burden on logistics companies, potentially improving their operational efficiency and competitiveness. The bill retains the existing sales tax rate of five and three-fourths percent and maintains current provisions regarding tax collection and application, while also expanding exemptions for various categories, including medical supplies, emergency vehicles, and agricultural products.

Additionally, the bill clarifies definitions and criteria related to sales tax exemptions for tangible personal property transactions, particularly for qualifying businesses involved in transportation and warehousing. It defines key terms and emphasizes that all sales in the state are presumed taxable unless proven otherwise. The bill also repeals the existing section 5739.02, with the amendments set to take effect on the first day of the month following the bill's effective date. Overall, the legislation aims to streamline and clarify the sales tax exemption process, ensuring compliance while providing targeted support to the transportation sector and other specified industries.

Statutes affected:
As Introduced: 5739.02