OH HB404

Amends Ohio Revised Code section 5739.01 to allow sales tax credits for trade-in values on portable electronics and home appliances when purchasing similar replacement items

For portable electronics trade-ins, the credit applies to new or used devices when the trade-in value is separately stated on the invoice or bill of sale; multiple trades may be combined as credit toward a single purchase

For home appliances (defined as refrigerators, stoves, washing machines, vacuum cleaners, and similar domestic items), the same trade-in credit structure applies when purchasing new or used replacement appliances

The trade-in credit reduces the taxable "price" of the new item, similar to existing provisions for motor vehicles traded at dealerships and watercraft traded at licensed dealers

The amendment takes effect on the first day of the first month following the bill's effective date