AUTO TITLE MANUAL - Franklin County, Ohio

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ecomes a guarantor is a transfer for a consideration and subject to the tax. The tax base would be the total amount of the mortgage assumed plus any other consideration given. (F) The transfer of a motor vehicle as the result of the transferee (new titleholder) paying off the mortgage in the name of the transferor (previous titleholder) is a transfer for a consideration. The tax base would be the amount of the pay off plus any other consideration given either in trade or money. 45. How are lease assumptions of motor vehicles and other tangible personal property taxed? A lease assumption is when a lessee has another person assume the lease payments and lease end responsibilities. This should not be done without the lessors’ knowledge or approval. If the lease is/was consummated in Ohio after Feb. 1, 2002, and there are no changes to the original leasing agreement, there is no sales tax due to the State of Ohio. If an Ohio resident assumes an out of state lease, Ohio use tax may be due and payable up front on the remainder of the lease payments. If the other state required the tax to be paid on the monthly installment, Ohio tax is calculated on the remaining payments and paid up front to the leasing company. If the other state collected taxes up front, Ohio tax will be calculated on the payments remaining upon entry into Ohio, credit will be given for taxes paid to the other state and the leasing company will collect any additional tax due. 46. What is the correct tax rate to charge a customer on the sale or lease of motor vehicles, watercraft or outboard motors? On the sale of a titled motor vehicles, watercraft or outboard motors, the tax rate would be the rate in the county of residence of the purchaser. On the lease of titled motor vehicles, watercraft or outboard motors, whether the lease is paid by one upfront payment, (no monthly payments), or by a stream of payments, the tax rate to apply is the rate in the county that is the primary property location of the vehicle(s) or watercraft. This may be the county of residence of the lessee, or in the case of multiple vehicles leased to one person and the vehicles are used in several counties, the county where the vehicles are garaged overnight would apply. On the sale or lease of a documented watercraft, the tax rate to apply is the rate where the customer takes possession of the watercraft. Any subsequent taxable charges on the lease will be sourced to the primary property location for the period in which the charges are incurred. “Primary property location” means an address for tangible personal property provided by the lessee or renter that is available to the lessor or owner from its records maintained in the ordinary course of business, when use of that address does not constitute bad faith.
There are some sales of titled or untitled vehicles, watercraft, outboard motors or other items of tangible personal property made by vendors or dealers that are not “licensed” dealers under sections 4517 or 1547 of the Ohio Revised Code. An example would be a vendor of all purpose vehicles or off-road motorcycles that is “registered” with the Bureau of Motor Vehicles, or a vendor that sells boats less the 14 feet in length. The tax would be collected by the vendor/dealer and reported and paid to the State of Ohio on the vendor’s sales tax return. The vendor/dealer may not be required to obtain a title for the item sold, but the customer would be required to obtain title from the Clerk of Courts. The tax rate collected by the dealer/vendor would be 1) the county of the location of the vendor if the customer takes possession at the vendor’s place of business, or 2) the county where the vendor/dealer delivers the item and possession is taken by the customer. If the purchaser’s county of residence has a higher rate of tax than the county of the vendor/dealer, credit will be allowed for taxes paid to the vendor, and any additional tax due will be collected by the Clerk of Courts at titling. The following forms can be downloaded on from the ODT Web site at Tax Forms: • Certificate of Exemption Regarding Sale of a Motor Vehicle, Off-Highway Motorcycle, or All-Purpose Vehicle • Statement Regarding Sale of a Motor Vehicle, Off-Highway Motorcycle or All- Prupose Vehicle in Interstate Commerce • Affidavit Regarding Sale of a Motor Vehicle, Off-Highway Motorcycle or All- Purpose Vehicle to an Out-of-State Resident • Certificate of Exemption Regarding Sale of a Watercraft, Outboard Motor and/or Personal Watercraft • Statement Regarding Sale of a Watercraft, Outboard Motor and/or Personal Watercraft in Interstate Commerce
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AUTO TITLE MANUAL Prepared and issu
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FRANKLIN COUNTY CLERK OF COURTS Aut
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FRANKLN COUNTY CLERK OF COURTS AUTO
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FRANKLIN COUNTY CLERK OF COURTS AUT
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Lien Related Transactions FRANKLIN
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Electronic Liens FRANKLIN COUNTY CL
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Title Types FRANKLIN COUNTY CLERK O
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JOHN O’GRADY FRANKLIN COUNTY CLER
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JOHN O’GRADY FRANKLIN COUNTY CLER
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OHIO BUREAU OF MOTOR VEHICLES AFFID
Page 41 and 42: EXHIBIT G— FRONT OF CERTIFICATE O
Page 43 and 44: $43,200.16 Kenneth J. Enright Thoma
Page 45 and 46: RESALE Shade Walton Auto Sales 1210
Page 47 and 48: IN THE COURT OF COMMON PLEAS, FRANK
Page 49 and 50: Upon hearing the application to rel
Page 51 and 52: Name and title of fiduciary PC-E-4.
Page 53 and 54: X Franklin March 3 10 2010 12345678
Page 55 and 56: OHIO BUREAU OF MOTOR VEHICLES UNCLA
Page 57 and 58: BMV 1173 8/09 Page 1 of 2 OHIO DEPA
Page 59 and 60: BMV 3772 3/11 OHIO DEPARTMENT OF PU
Page 61 and 62: OHIO Motor Vehicle and Watercraft S
Page 63 and 64: 30. Can a manufacturer obtain title
Page 65 and 66: RW Resale - wholesale only (See Not
Page 67 and 68: they were not required to be titled
Page 69 and 70: months (member of armed services be
Page 71 and 72: NO - When a vehicle is under a vali
Page 73 and 74: 12. Are out-of-state leasing dealer
Page 75 and 76: third party. The “price” does n
Page 77 and 78: 18. Who is entitled to pay tax to t
Page 79 and 80: established, it shall be deducted f
Page 81 and 82: 29. Is an ambulance service entitle
Page 83 and 84: Prior to Sept. 21, 2006, when a dea
Page 85 and 86: However, individuals are allowed to
Page 87 and 88: Failure to comply with all statutor
Page 89 and 90: i. Off-highway motorcycle (OHM) pur
Page 91: equires a motor vehicle certificate
Page 95 and 96: The undersigned hereby certifies th
Page 97 and 98: STEC-WC Rev. 3/15/04 The undersigne
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AUTO TITLE MANUAL - Franklin County, Ohio

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