March 31, 2015. Domain names are the names or web addresses that identify web sites. For example, Techwalla.com is a domain name. Domain refers to the server or domain where the web site is hosted. (See Ref. 1) Domain names allow alphabetic and numeric characters only. Accented characters and symbols are not allowed.
The way that the state of Ohio applies sales tax to car leases is based on the sum of lease payments. Most states only tax individual monthly payments (and down payment). For example, in Ohio, if lease payments are $300 a month and the lease term is 36 months, the total of all payment is 36 times $300 = $10,800. If the Ohio tax rate in a particular county is 6.0%, the sales tax due on this lease would be $10,88 times .06 = $648. This amount is due at the time the lease is signed, in addition to first monthâs payment and down payment (if any). Tax is due on the down payment as well.
Ownership tax is a personal property tax based on a vehicle's manufacturer's suggested retail price (MSRP). The taxable value of your car is calculated by multiplying the MSRP of your vehicle by 75 percent for trucks and trailers or 85 percent for passenger vehicles and motorcycles. Therefore, a passenger car with an MSRP of $20,000 would have a taxable value of $17,000. This amount is then multiplied by the vehicle's tax rate, which is determined by the age of the vehicle. The tax rates range from a flat fee of $3 to 2.1 percent of a vehicle's taxable value depending on the age of the vehicle. A 3-year-old car with a taxable value of $17,000 would have an ownership tax of $204; which would be the amount that could be deducted from the federal tax return.