Taft Earns Ohio Supreme Court Victory for NASCAR
November 23, 2022
November 23, 2022
MINNEAPOLIS, Minnesota, Nov. 23 -- Taft, a law firm, issued the following news:
In a decision announced on Nov. 22, 2022, the Ohio Supreme Court ruled that the sale of NASCAR's broadcast rights and other intellectual property rights are not subject to the Ohio commercial activity tax.
The decision overturns an Ohio Board of Tax Appeals decision and tax assessment that sourced more than $186 million of revenue to Ohio. The decision establishes a meaningful precedent . . .
In a decision announced on Nov. 22, 2022, the Ohio Supreme Court ruled that the sale of NASCAR's broadcast rights and other intellectual property rights are not subject to the Ohio commercial activity tax.
The decision overturns an Ohio Board of Tax Appeals decision and tax assessment that sourced more than $186 million of revenue to Ohio. The decision establishes a meaningful precedent . . .