Distributions - Dealers In Intangibles
Dealers In Intangibles - (NO LONGER
DISTRIBUTED)
The Dealers in Intangibles (DIT) tax applies to any business
with an office in and/or doing certain business in Ohio
including:
- Lending money
- Discounting, buying, or selling bills of exchange,
drafts, acceptances, notes, mortgages, or other evidences of
indebtedness
- Buying or selling stocks, bonds or other investment
securities
Five-eights of all DIT Ohio collections are paid into the
undivided local government fund. Taxes are collected by the
Treasurer of State and distributed by the Department of
Taxation to the county listed by the taxpayer as its primary
business location.
As of 1/1/2012, all DIT Ohio collections will be paid into
the General Revenue Fund.