Authorizes a sales tax credit for the trade-in value of certain goods in Ohio.

Ohio HB404 amends the definition of "price" in the Revised Code to include a credit for the trade-in value of certain goods, such as new or used home appliances, portable electronics, and motor vehicles. This credit is applied to the sale price of the new or used item, reducing the taxable amount. The bill specifies that the credit is separately stated on the invoice or bill of sale.

Authorizes a sales tax credit for the trade-in value of certain goods in Ohio.

Ohio HB404 amends the definition of "price" in the Revised Code to include a credit for the trade-in value of certain goods, such as new or used home appliances, portable electronics, and motor vehicles. This credit is applied to the sale price of the new or used item, reducing the taxable amount. The bill specifies that the credit is separately stated on the invoice or bill of sale.