OH HB147

Exempts building and construction materials and services from Ohio sales and use tax when sold to contractors for projects located in areas with a port authority established under section 4582.02 of the Revised Code or included in a port authority existing since December 16, 1964

Requires the construction contract to be valued at $25 million or more for the exemption to apply

Property owner must also be bound by a separate agreement to finance, help finance, or otherwise complete public infrastructure improvements in the area surrounding the real property

Amends Ohio Revised Code sections 5739.02 and 5739.03, taking effect on the first day of the first month after the bill's effective date