OH HB314

Exempts watercraft from state and local use taxes if stored or repaired in Ohio only during storage and maintenance purposes between May 1 and September 30 of any year.

Applies only to watercraft not required to be registered in Ohio and where the owner paid sales or use tax to another jurisdiction or in a jurisdiction with no sales tax on watercraft.

Defines "maintenance" to include cleaning, repairing, and installing equipment, fixtures, or technology on the watercraft.

Does not exempt sales of watercraft storage services or repair and installation services on watercraft, which remain subject to sales tax under existing law.

Effective beginning the first day of the first month on or after the bill's effective date, and is intended to attract out-of-state boat owners to use Ohio's marine industry for winter work.