Report of the Committee to Study State and Local Taxes - Ohio ...
Report of the Committee to Study State and Local Taxes - Ohio ...
Report of the Committee to Study State and Local Taxes - Ohio ...
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Sales & Use Tax:<br />
What is Taxable<br />
• The transfer, use, or s<strong>to</strong>rage <strong>of</strong> all tangible<br />
personal property (goods)<br />
• Goods are considered taxable unless<br />
explicitly exempted<br />
• Services are not taxable unless specifically<br />
subjected <strong>to</strong> <strong>the</strong> tax<br />
• Services are a relatively recent addition<br />
Sales & Use Tax:<br />
What is not Taxable<br />
• There are approximately 60 exemptions<br />
• Two exemption characteristics:<br />
– Based on <strong>the</strong> item purchased (e.g.<br />
prescription drugs or food for human<br />
consumption <strong>of</strong>f premises)<br />
– Based on ei<strong>the</strong>r <strong>the</strong> use or <strong>the</strong> purchaser<br />
(e.g. manufacturer used in <strong>the</strong><br />
manufacturing process, a farmer used in<br />
agriculture, or a charitable organization)<br />
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