H.B. 310 Summary

• Amends Ohio Revised Code section 5739.025 to create a partial sales tax exemption for qualified plug-in electric drive vehicles purchased or leased before January 1, 2015.

• Defines a "qualified plug-in electric drive vehicle" as a four-wheeled vehicle with a maximum speed of at least 55 mph, powered significantly by an electric motor, with a rechargeable battery of at least 4 kilowatt-hours capacity, registered in Ohio and purchased for personal use or business use (not resale).

• Reduces sales tax owed by up to $2,000 on qualifying electric vehicle purchases; if calculated tax is $2,000 or less, no tax is due on the transaction.

• Limits the exemption to one vehicle per individual per calendar year and ten vehicles per business per calendar year for purchases made for use in the business.

• Applies the exemption effective upon the bill's enactment date, with detailed tax calculation schedules provided for various tax rate scenarios based on purchase price.