Ohio Governor Signs Law Related to Regional Transit Authorities Concerning Sales and Use, Excise Taxes

The Ohio Governor March 31 signed a law related to regional transit authorities, for sales and use and excise tax purposes. The law includes measures: 1) specifying that a qualifying regional transit authority may levy a sales tax for the specific purpose of funding or financing a qualifying project; 2) stating that neither a qualifying regional transit authority, nor the electors thereof, may repeal, rescind, or reduce any portion of a sales tax pledged or assigned to pay the debt service on qualifying bonds while those bonds remain outstanding; 3) providing that the registrar of motor vehicles shall permit persons ...