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Thursday, July 30, 2015

Ohio's First-Ever Tax Holiday Begins Aug. 7

Posted By on Thu, Jul 30, 2015 at 12:07 PM

click image PHOTO BY STAN HONDA, FLICKR CC
  • Photo by Stan Honda, Flickr CC
Ohio's first-ever tax holiday on back-to-school supplies and clothing begins Aug. 7 at 12:01 a.m. and ends on Aug. 9 at 11:50 p.m. This tax holiday applies to traditional brick-and-mortar stores as well as online retailers for those who actually report online purchases on their tax returns. 

The tax holiday covers back-to-school supplies and instructional materials $20 per item or less and clothing costing $75 per item or less. There is no limit on the quantity of items purchased and sifting through the list of items reveals some intriguing options even for those well past their school days. 

For example, parents may consider stocking up on necessary, and usually costly, diapers while avoiding any type of sales tax. This tax holiday does apply to adult selections of clothing, outwear and footwear so this weekend may be the perfect time to update your wardrobe without giving a cut to Uncle Sam. Hell, even wedding apparel will avoid taxes over the weekend for those getting hitched this fall. Savvy consumers can utilize this tax holiday to save serious cash and Ohio lawmakers will be monitoring just how much cash gets pumped into Ohio's economy over this tax reprieve. 

Lawmakers approved the tax holiday last year as part of SB 243 and the language in the legislation makes it clear this is a pilot test for tax holidays in the state. Sen. Kevin Bacon (R-Minerva) spearheaded the legislation and introduced SB 243 in 2013. 



"The sales tax holiday can't come at a better time for families preparing their kids to go back to school in August," Bacon said on his Ohio Senate website. "The opportunity to save money on essential clothing and school items will reduce the financial strain on consumers and boost sales for local businesses."

This tax holiday, like any government program, does have restrictions and qualifying language so make sure to read through the Ohio Department of Taxation's FAQ found here before piling into the mini-van and assaulting your nearest shopping center. 

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