| State: |
OH |
| Incentive Type: |
Sales and Use Tax Incentives |
| Incentive Title: |
Sales Tax Exemptions |
| Description: |
1. MANUFACTURING MACHINERY & EQUIPMENT SALES TAX EXEMPTION: Provides an exemption from state and county sales tax for companies that purchase machinery and equipment for manufacturing activities. The rate/terms are: exempts business from entire state and county sales tax for purchases of machinery and equipment used primarily for manufacturing. The benefits are: Provides significant tax savings for companies and individuals that are involved in manufacturing in Ohio.
2. RESEARCH & DEVELOPMENT SALES TAX EXEMPTION: Exempts a business from the entire state and county sales tax for machinery & purchases for both direct equipment purchased for R&D purposes.
3.WAREHOUSE MACHINERY & EQUIPMENT SALES TAX EXEMPTION: Exempts a business from total amount of state and county sales tax for purchases of machinery and equipment used in the storing, transporting, mailing or handling inventory in a warehouse,distribution center or similiar facility
if the inventory is shipped outside Ohio.
|
| Eligibility Requirements: |
1. Includes machinery, equipment, supplies and fuel used primarily in a manufacturing operation to produce tangible personal property for sales. Vendor requires a blanket exemption certificate available on-line through the Dept. of Taxation.
2. Includes purchases for both direct and pure research. Vendor requires a blanket exemption certificate available on-line through the Dept. of Taxation.
3. Vendor requires a blanket exemption certificate available on-line through the Dept. of Taxation.
|
| Geographic Restrictions: |
Statewide |
| Granting Authority: |
Department of Taxation, Sales Tax Division |
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