Leasing Dynamics, Inc. v. Limbach

We first address the BTA’s finding that the reimbursement of pass-through personal property taxes was not part of the price paid by LDI’s customers, and thus is not taxable.

“Price” is “ * * * the aggregate value in money of anything paid or delivered, or promised to be paid or delivered, in the complete performance of a retail sale, without any deduction on account of the cost of the property sold, cost of the materials used, labor or service cost, * * * or any other expense. * * * ” R.C. 5739.01(H)(1). However, not all sums paid in a transaction are part of the “price.” Columbus Equip. Co.…