Sub. H.B. No. 545 Summary

• Authorizes small retailers to remit sales taxes when payment is received after the purchased item is delivered or the service is provided, rather than at the time of sale.

• Exempts from sales and use tax tampons, panty liners, menstrual cups, sanitary napkins, and other feminine hygiene products associated with menstruation, effective July 1, 2019.

• Defines a "qualifying small vendor" as having gross sales under $1 million annually and operating as a microbusiness for at least seven months per year.

• Allows qualifying small vendors to report and remit tax based on when payment is received rather than when the sale is made, providing flexibility for delayed payment transactions.

• Amendments to sections 5739.02, 5739.03, and 5739.121 of the Revised Code apply on and after January 1, 2020.