HB 641 Summary

• Amends section 5739.02 of the Revised Code to add a new sales and use tax exemption for interstate logistics businesses.

• Exempts items purchased by qualifying logistics businesses when used primarily to transport completed manufactured products from manufacturing facilities to shipping points.

• Exempts related power sources used to power or charge property involved in transporting manufactured products.

• Defines a "qualifying business" as a person in the transportation and warehousing sector primarily engaged in transporting tangible personal property in trucks to destinations outside Ohio.

• Effective date of January 1, 2019.