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The Ohio Department of Taxation is the administrative department of the Ohio state government [1] responsible for collection and administration of most state taxes, several local taxes and the oversight of real property taxation.
DriveTime is a private company headquartered in Tempe, Arizona. [3] The company's business model is focused on selling previously owned vehicles to car-buyers. [4] It uses a proprietary credit scoring model to finance car purchases at its dealerships in-house, [5] [6] including subprime lending. [7] DriveTime buys 150,000 cars annually at ...
On May 19, 1953, Amended House Bill 243 created the Ohio Department of Highway Safety and transferred the Bureau of Motor Vehicles and State Highway Patrol to the new department, effective October 2, 1953. [7] Deputy registrars were political appointees until November 28, 1988, when a private request for proposal process took effect. [6]
Ohio has a 5.75% state sales tax. [47] Counties may levy a permissive sales tax of 0.25% up to 1.5% and transit authorities, mass transit districts usually centered on one primary county, may levy a sales tax of 0.25% up to 1.5%. Cuyahoga County has the highest statewide sales tax rate (8%). Tax increments may not be less than 0.25%, and the ...
Ohio GOP Senate nominee Bernie Moreno, whose past as a car dealer has drawn scrutiny from Democrats, is preparing a return to the auto industry. Ohio GOP Senate candidate plans new car dealership ...
In 1906, the state attempted to take over auto registration under the Ward Automobile Law, but litigation delayed the program until the Ohio Supreme Court ruled in favor of the law. The Ohio Secretary of State's Automobile Division, precursor to the Bureau of Motor Vehicles, was established in 1907. [13]
The business and occupation tax (often abbreviated as B&O tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, [1] and by municipal governments in West Virginia and Kentucky. [2] It is a type of gross receipts tax because it is levied on gross income, rather than net income.
A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.