Families Look Forward To Savings During Ohio's Sales Tax Holiday
A Guest Column by State Senator Bob Hackett
July 29, 2016
 
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Holidays are always a time of excitement and anticipation, but these occasions can often be a drain on families' budgets. However there is one holiday fast approaching that is aimed at helping Ohioans keep more of their hard-earned money. As many Ohio families are checking off their back-to-school shopping lists, Ohio's Sales Tax Holiday will be an opportunity for them to stretch their dollars a little further.

Beginning on Friday, August 5th and running through Sunday, August 7th, clothes and shoes priced less than $75 per item will be exempt from state and local sales and use taxes. School supplies and instructional materials priced at $20 or less will also be tax exempt. Even online vendors will waive local and state sales taxes on designated items during this time as well.

In February, the Ohio General Assembly approved Senate Bill 264, which renews Ohio’s Sales Tax Holiday to assist parents and families as they prepare to send their children back to school. I was proud to join my legislative colleagues in supporting this common sense bill.

Ohio's first Sales Tax Holiday—held last year—saved families approximately $3.3 million, relieving at least some of the financial strain involved in preparing students for the school year. It also resulted in a boost in statewide retail sales of more than 6 percent in August 2015. Counties located along state lines fared even better with more than a 15 percent boost in sales for that same month.

Ohio's Sale Tax Holiday is sure to be a happy holiday for student, teachers and, most importantly, parents. At the same time, it will provide a welcomed boost for Ohio businesses as customers take advantage of the savings.

Click here for more information about Ohio's Sales Tax Holiday, including specifics on which items qualify for savings.

 
 
 
  
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