Ohio Code § 5739.025
Ohio Code § 5739.025. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5739.025.
(A) A vendor shall compute the tax on each sale by multiplying the price by the aggregate
rate of taxes in effect under sections 5739.02 and 5741.02 , and sections 5739.021 , 5739.023 , 5739.026 , 5741.021 , 5741.022 , and 5741.023 of the Revised Code . The computation shall be carried out to three decimal places. If the result is a fractional amount of a cent, the calculated tax shall be rounded
to a whole cent using a method that rounds up to the next cent whenever the third
decimal place is greater than four. A vendor may elect to compute the tax due on a transaction on an item or an invoice
basis. (B) In auditing a vendor, the tax commissioner shall consider the method prescribed by
this section that was used by the vendor in determining and collecting the tax due
under this chapter on taxable transactions. If the vendor correctly collects and remits the tax due under this chapter in accordance
with the computation prescribed in division (A) of this section, the commissioner
shall not assess any additional tax on those transactions. (C)(1) With respect to a sale of a fractional ownership program aircraft used primarily
in a fractional aircraft ownership program, including all accessories attached to
such aircraft, the tax shall be calculated pursuant to division (A) of this section,
provided that the tax commissioner shall modify those calculations so that the maximum
tax on each program aircraft is eight hundred dollars. In the case of a sale of a fractional interest that is less than one hundred per
cent of the program aircraft, the tax charged on the transaction shall be eight hundred
dollars multiplied by a fraction, the numerator of which is the percentage of ownership
or possession in the aircraft being purchased in the transaction, and the denominator
of which is one hundred per cent. (2) Notwithstanding any other provision of law to the contrary, the tax calculated under
division (C)(1) of this section and paid with respect to the sale of a fractional
ownership program aircraft used primarily in a fractional aircraft ownership program
shall be credited to the general revenue fund.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5739.025
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
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What subject does Ohio Revised Code § 5739.025 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 5739.025 still in force?
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