Ohio— Ohio Department of Taxation today announced that 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 which will also stimulate economic activity for Ohio’s retailers.
From Friday, August 7 through Sunday, August 9, 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, an item of school instructional material priced at $20 or less, Items used in a trade or business are not exempt under the sales tax holiday, 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.
This year’s back-to-school sales tax holiday is the fifth 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.
For more information regarding the sales tax holiday, please refer to the Department’s Sales Tax Holiday Frequently Asked Questions available here FAQ Section.