State sales tax holiday this weekend

News Journal

COLUMBUS — A sales tax holiday will be held this weekend, an opportunity for parents to receive some tax relief during back-to-school shopping in preparation for the new school year, State Rep. Shane Wilkin (R-91st District) announced Thursday.

The event will also stimulate economic activity for Ohio’s retailers.

This year’s sales tax holiday was established by the state operating budget, House Bill 49.

From Friday, Aug. 3 through Sunday, Aug. 5, certain items will be exempt from state and county sales and use taxes.

Clothing items up to $75 each and school supplies or instructional materials up to $20 each will be free of taxes if purchased during this weekend. This includes a variety of items, from pencils and paper to pants and jackets to prepare for the fall.

“With school just around the corner, parents across the state will soon be traveling to the stores to buy their children school supplies. I am proud to support a sales tax holiday on certain school materials to help families best prepare their children for a successful school year,” Wilkin said.

This year’s back-to-school sales tax holiday is the fourth consecutive one to be held in the state of Ohio. The legislature also passed Senate Bill 226 to make it an annual occurrence during the first weekend of August.

The first time the sales tax holiday occurred in 2015 an extra $4.7 million in consumption was generated, along with saving consumers approximately $3.3 million, according to a study produced by the University of Cincinnati.

The study also found that Ohio counties that border other states experienced a 15.48 percent increase in sales tax collection, leading to the conclusion that many out-of-state families traveled to Ohio to take part in the tax holiday.

News Journal