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Sales Tax Notice -- Vendor Discount Rate Decrease

The Ohio Department of Taxation (ODT) reminds all Ohio vendors that the vendor discount rate changes as of July 1, 2007.

For Ohio sales tax returns filed on form UST-1, filed timely after July 1, 2007, the vendor discount decreases from .9% to .75%. For motor vehicle and watercraft dealers, any vehicle or watercraft sold on or after July 1, 2007 will be subject to the new discount rate of .75%.

This information has also been posted to the ODT Web site, tax.ohio.gov, at the link below:
http://tax.ohio.gov/divisions/sales_and_use/vendor_discount.stm