Wilson Reminds Residents to Save During Ohio Sales Tax Holiday Set for August 3-5
August 1, 2018
Steve Wilson News
COLUMBUS—State Senator Steve Wilson (R-Maineville) is encouraging families to take advantage of this weekend's sales tax holiday, beginning Friday, August 3 and running until Sunday, August 5.
The National Retail Federation estimates that the average family with school-age children will plan to spend $684 on back-to-school shopping. During the first sales tax holiday, consumers saved roughly $3.3 million on back-to-school purchases, according to a study by the University of Cincinnati. This year, Ohioans are once again expected to save millions of dollars during the three day holiday.
Earlier this year, the Ohio Senate passed Senate Bill 226, co-sponsored by Senator Wilson, to make the sales tax holiday a recurring event every year on the first weekend of August.
“Making the sales tax holiday permanent allows Ohio families to plan ahead each year, maximize savings and keep more of their hard earned money in their pockets,” said Wilson. “The cost of back-to-school essentials can quickly add up, and I encourage you and your families to take advantage of this limited time opportunity to stretch your dollars a little further.”
All shoes and clothing priced less than $75 will be exempt from state and local sales and use taxes during this period. School supplies and instructional materials priced at $20 or less will also be tax exempt. Additionally, online vendors will be more affordable, as they will waive local and state sales taxes on designated items.
For more information about Ohio's Sales Tax Holiday, including specifics on which items qualify for savings, please visit the Ohio Department of Taxation's website at https://www.tax.ohio.gov/sales_and_use/SalesTaxHoliday.aspx.
The National Retail Federation estimates that the average family with school-age children will plan to spend $684 on back-to-school shopping. During the first sales tax holiday, consumers saved roughly $3.3 million on back-to-school purchases, according to a study by the University of Cincinnati. This year, Ohioans are once again expected to save millions of dollars during the three day holiday.
Earlier this year, the Ohio Senate passed Senate Bill 226, co-sponsored by Senator Wilson, to make the sales tax holiday a recurring event every year on the first weekend of August.
“Making the sales tax holiday permanent allows Ohio families to plan ahead each year, maximize savings and keep more of their hard earned money in their pockets,” said Wilson. “The cost of back-to-school essentials can quickly add up, and I encourage you and your families to take advantage of this limited time opportunity to stretch your dollars a little further.”
All shoes and clothing priced less than $75 will be exempt from state and local sales and use taxes during this period. School supplies and instructional materials priced at $20 or less will also be tax exempt. Additionally, online vendors will be more affordable, as they will waive local and state sales taxes on designated items.
For more information about Ohio's Sales Tax Holiday, including specifics on which items qualify for savings, please visit the Ohio Department of Taxation's website at https://www.tax.ohio.gov/sales_and_use/SalesTaxHoliday.aspx.