OH HB598

Authorizes a rebate up to $137.50 per "Ohio good" (tangible personal property manufactured or assembled wholly or partially in Ohio) for sales and use tax paid, with claims submitted quarterly to the tax commissioner within 20 days after each calendar quarter.

Establishes a refundable income tax credit under section 5747.85 allowing taxpayers to claim credit for sales and use taxes paid on Ohio goods during their taxable year, capped at $137.50 per good, with excess amounts refundable.

Prohibits taxpayers from claiming both the rebate under section 5739.125 and the credit under section 5747.85 for the same Ohio good.

Requires the Director of Commerce to maintain a publicly accessible website list of Ohio goods and adopt rules in consultation with the tax commissioner to determine what qualifies as an Ohio good.

Adds the sales and use tax credit to the tax credit claiming order in section 5747.98 as the last refundable credit to be claimed, with application effective for transactions occurring on or after July 1, 2011.