Bill > HB147

This bill amends Ohio's sales and use tax law to provide a specific tax exemption for building and construction materials sold to contractors for projects located in areas with a port authority. Specifically, the bill creates a new exemption for building and construction materials and services sold to construction contractors for incorporation into a structure or improvement to real property, located in a municipal corporation, township, county, or combination thereof that has established a port authority, under a construction contract requiring the property owner to pay at least $25 million and also be bound by a separate agreement to finance or help finance public infrastructure improvements in the surrounding area. The exemption means that contractors working on large port authority-related construction projects will not have to pay sales tax on building materials used in those projects, which could help reduce overall project costs and potentially encourage development in port authority regions. The tax exemption will take effect on the first day of the month following the bill's enactment.

Transportation and Infrastructure

https://www.legislature.ohio.gov/legislation/136/hb147