S.B. No. 291 Summary

• Adds a new sales and use tax exemption for logistics businesses that transport manufactured products, general merchandise, and grocery products from one location to another

• Exempts tangible personal property purchased by qualifying businesses for: (1) transporting completed products from manufacturing facilities to retail destinations, (2) transporting general merchandise or grocery products within distribution facilities, and (3) powering or charging vehicles used for these transportation purposes

• Defines "qualifying business" as persons in the transportation and warehousing sector or warehouse club and supercenter sector under the North American Industry Classification System who operate trucks to destinations outside Ohio

• Includes detailed definitions for "truck," "completed product," "manufacturing facility," and "alternative fuel" to clarify which businesses and vehicles qualify for the exemption

• Becomes effective on the first day of the first month following the bill's effective date