OH SB126

Creates a new sales and use tax exemption for tangible personal property purchased by logistics businesses (companies in transportation/warehousing or warehouse club/supercenter sectors) that transport goods via trucks to destinations outside Ohio

Exempt items include property used for transporting completed manufactured products from factories to retail destinations, moving merchandise within distribution facilities, and powering/charging equipment used for these transportation purposes

"Qualifying business" must be classified under NAICS codes for transportation and warehousing or warehouse club and supercenter sectors, and must operate trucks (owned or leased) that deliver to out-of-state destinations

The exemption applies to trucks defined as motor vehicles designed for carrying merchandise or freight, including commercial tractors and vehicles powered by alternative fuels

Takes effect on the first day of the first month following the act's effective date