The revenue NASCAR makes from selling the rights to broadcast stock car races and merchandise to Ohio fans is not subject to the state’s commercial activities tax, according to an Ohio Supreme Court ruling Tuesday.
COLUMBUS, Ohio – The revenue NASCAR makes from selling the rights to broadcast stock car races and merchandise to Ohio fans is not subject to the state’s commercial activities tax, according to an Ohio Supreme Court ruling Tuesday morning.
The unanimous court waived a red flag at the Ohio Tax Commissioner, who had ordered NASCAR to pay the state nearly $550,000 for money it earned through broadcasting races, online marketing and sponsorship fees. The court was split, 4-3, on whether the state could tax licensing fees that NASCAR grants to banks, insurance companies and manufacturers – including the maker of NASCAR-branded mugs and fuzzy dice,If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
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