Lake County National Bank of Painesville v. Kosydar

0 ’Neill, C. J.

It is undisputed that the rental of tangible personal property for use in Ohio constitutes a purchase normally subject to tbe Ohio use tax. R. 0. 5741.01 (D). It is likewise undisputed that the computer equipment which was the subject matter of the rental contracts at issue in this case was used within this state in appellee’s banking operations. Therefore, the sole question before this court is whether the phrase, “written contract of purchase,” used in Section 548(5) (c), Title 12, IT. S. Code, encompasses a written rental contract which — absent any federal immunity…