When “Pi in the Sky” is Too Good to be True: Ohio Sales Tax and Aircraft Leasing

By: Vorys, Sater, Seymour and Pease LLP.

Last week, the Ohio Supreme Court issued a second sales tax decision involving the sale-for-resale exemption in as many weeks.  Just before Thanksgiving Day, the Court issued a decision exempting purchases of bobblehead souvenirs by a professional sports team to be “given away” to game ticket purchasers. Read more.