Ohio Legislators Propose 3-Day Tax Holiday
Article from NBC4i.com
November 20, 2013
 
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COLUMBUS - Ohio consumers would be able to shop tax-free for back-to-school supplies for three days in August under a legislative proposal introduced by Columbus republican Sen. Kevin Bacon. The bill provides a three day sales tax holiday on purchases of back-to-school clothing, footwear and computers.

Columbus resident Janey Querry loves the idea.

"That sounds fabulous to me," Querry said.  "I know my son will be going off the college and he's looking for a laptop and I have one in college now so I'm supplying them both with adult clothing and school supplies."

The Ohio Retail Association says Ohio consumers could save more than $78 million in sales taxes during the next back to school shopping season if the legislation is adopted.

"We applaud Senator Bacon for proposing a bill that will provide meaningful savings for Ohio families," said Gordon Gough, President/CEO of the Ohio Council of Retail Merchants.  "The average American family with K-12 children spent $688.82 on back to school purchases in 2012."

Sales tax holidays are currently in place in 18 states around the country but none that border Ohio.

Greg Lawson, a policy analyst with the Buckeye Institute, a conservative think tank, says tax holidays are not generally considered to be good tax policy. "I think the thing we should be thinking is how do we give people a break - not just one time but how do we give people a permanent lowering of the tax burden," Lawson said.

Bacon's proposal would create a three day tax holiday beginning on the first Friday in August.

Sen. Bacon said while similar proposals in the past have failed to gain any traction, he believes the timing is right.

"It's a good opportunity to give a break to our families in Ohio at back-to-school time and to provide economic stimulus in our retail merchants and our local businesses, "Bacon said.

 
 
 
  
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