The Ohio sales and use tax applies to the retail sale, lease, and rental of tangible personal property as well as the sale of selected services in Ohio. A purchaser of the assets of a business will be liable for any unpaid sales tax of the seller, as well as any accrued interest and penalties related thereto.Currently, combined sales tax rates in Ohio range from 5.75 percent to 8 percent, depending on the location of the sale. The Internal Revenue Service has a form that outlines the allocation of the purchase price known as Form 8594, Asset Acquisition Statement. We have crafted a comprehensive guide to help you navigate the twists and turns of Ohio sales tax. In Ohio, sales of tangible personal property are presumed taxable unless an exemption exists. 1. First, register with the Ohio Secretary of State. Registration information as well as forms are available online(opens in a new window) or at (877) SOS-FILE. The university as a seller is required to collect and remit sales taxes on taxable transactions. The university as a buyer is exempt from Ohio sales taxes.