Home   |   Print Page   |   Contact Us   |   Sign In   |   Join Now
Community Search
News & Press: Latest News

Sales Tax on the Difference between Michigan and Ohio

Friday, August 30, 2019   (0 Comments)
Posted by: Chris Lessway

It is important for members to understand how STOD works across state lines. The State of Ohio’s trade in law requires that the selling dealer be registered with the Ohio Department of Natural Resources – Watercraft Division as an Ohio Watercraft Dealer prior to the sale for the trade in amount to reduce the tax base for Ohio tax computation.  The selling dealer does not have to be within the State of Ohio, they just have to be registered with ODNR prior to the sale. This is required by 5739.01 (H)(2) & (3) and 5741.01 (G)(3) of the Ohio Revised Code. To review the Ohio trade in law information, please click here. The fee is $50 per year. To register, please click here or visit www.watercraft.ohiodnr.gov/forms

 


more Calendar

1/18/2020 » 1/26/2020
Detroit Boat Show

Michigan Boating Industries Association | 8625 Richardson Rd. Commerce Twp. MI 48390 | Phone: 734.261.0123 | Fax: 734.261.0880

Association Management Software Powered by YourMembership  ::  Legal