Exempts sales of firearms and ammunition from sales and use tax in Ohio.

This bill amends Ohio's Revised Code to exempt sales of qualifying firearms and ammunition from sales and use tax. It defines "qualifying firearm" as a portable firearm designed to be carried and operated by a single person, excluding certain large-caliber firearms. "Ammunition" refers to ammunition designed for use in a qualifying firearm. The bill also authorizes refundable tax credits for small arms and ammunition manufacturing projects that meet specific criteria, including a minimum capital investment of $2 million and a requirement to maintain operations for at least seven years or the.

Exempts sales of firearms and ammunition from sales and use tax in Ohio.

This bill amends Ohio's Revised Code to exempt sales of qualifying firearms and ammunition from sales and use tax. It defines "qualifying firearm" as a portable firearm designed to be carried and operated by a single person, excluding certain large-caliber firearms. "Ammunition" refers to ammunition designed for use in a qualifying firearm. The bill also authorizes refundable tax credits for small arms and ammunition manufacturing projects that meet specific criteria, including a minimum capital investment of $2 million and a requirement to maintain operations for at least seven years or the.