The end of summer is approaching and students are gearing up to go back to school. This year, students and parents can take advantage of the first-ever Ohio Sales Tax Holiday, which will take place August 7 through August 9. The holiday will help make Ohio families' money go a littler further as they purchase clothes and supplies during the back-to-school season. 

In 2013, I joined my colleagues to support legislation introduced by State Senator Kevin Bacon (R-Columbus), meant to help families save money on back-to-school expenses. The legislation equips consumers with greater buying power, increases sales and benefits the state's economy as a whole. 

During the three-day sales tax holiday, the 5.75 percent state sales tax and all local sales taxes will not be added to the purchase of clothing and footwear under $75 per item and school supplies and materials under $20 per item. If a consumer is inadvertently charged sales tax on exempt items, the retailer is responsible for providing a refund of the tax to the seller. 

The sales tax holiday applies to both online and in-store purchases. Many retailers plan to offer additional price reductions to allow customers to take advantage of the savings. For example, an $80 pair of shoes with a 10 percent off coupon is $72 and is below the $75 threshold required to take advantage of the tax exemption. It’s worth noting that “buy one, get one free” deals totaling more than $75 on the original item will not qualify since the item price is above the threshold. 

This is a great opportunity for Ohio families to stretch their dollar a little further as they prepare for the new school year thanks to the added savings during the Ohio Sales Tax Holiday, August 7 through August 9.

A list of eligible items is available online at http://www.tax.ohio.gov/sales_and_use/salestaxholiday/holidayfaq.aspx.

 
 
 
  
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