OH HB515

Exempts bulk sales of firewood, kerosene, liquid petroleum gas, and number two fuel oil in nonpackaged form from sales and use taxation when intended for heating purposes.

Establishes new sections 5739.212 and 5741.033 requiring the director of budget and management to reimburse county and transit authority tax collections for revenue losses from the exemption.

Reimburses the Local Government Fund and Public Library Fund monthly for lost tax revenue by calculating the difference between actual collections and estimated collections without the exemption.

Modifies section 131.51 to establish percentages for allocating general revenue fund collections to the Local Government Fund and Public Library Fund based on fiscal year 2013 baseline amounts.

Applies the tax exemption beginning the first day of the first month after the bill's effective date.