INCENTIVE DESCRIPTION

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


The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information
Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.