Post by Logan on Apr 28, 2016 1:14:16 GMT -6
2016 Ohio Back-to-School Sales Tax Holiday proposed for Aug. 5-7; just needs Gov. Kasich's signature
CLEVELAND, Ohio -- The Ohio House of Representatives on Wednesday joined the Ohio Senate in approving another back-to-school Sales Tax Holiday this Aug. 5-7, giving taxpayers who missed out on last year's event something to look forward to this summer. The measure is now awaiting Gov. John Kasich's signature.
Senate Bill 264, sponsored by Ohio Sen. Kevin Bacon, uses nearly the exact language of last year's popular Sales Tax Holiday, letting shoppers buy clothing or shoes priced at up to $75 or school supplies and instructional materials up to $20 without paying state or local sales tax.
The tax-free event will be open to everyone shopping at Ohio stores, not just families with schoolchildren.
Last year's Ohio Sales Tax Holiday, which was intended to be a one-time-only event, ended up generating $4.7 million in sales tax revenues statewide and saved taxpayers $3.3 million on $46.75 million worth of back-to-school purchases, according to a study by the University of Cincinnati Economics Center. Consumers also snapped up items that were not tax-exempt.
Read more: www.cleveland.com/business/index.ssf/2016/04/2016_back-to-school_sales_tax.html
CLEVELAND, Ohio -- The Ohio House of Representatives on Wednesday joined the Ohio Senate in approving another back-to-school Sales Tax Holiday this Aug. 5-7, giving taxpayers who missed out on last year's event something to look forward to this summer. The measure is now awaiting Gov. John Kasich's signature.
Senate Bill 264, sponsored by Ohio Sen. Kevin Bacon, uses nearly the exact language of last year's popular Sales Tax Holiday, letting shoppers buy clothing or shoes priced at up to $75 or school supplies and instructional materials up to $20 without paying state or local sales tax.
The tax-free event will be open to everyone shopping at Ohio stores, not just families with schoolchildren.
Last year's Ohio Sales Tax Holiday, which was intended to be a one-time-only event, ended up generating $4.7 million in sales tax revenues statewide and saved taxpayers $3.3 million on $46.75 million worth of back-to-school purchases, according to a study by the University of Cincinnati Economics Center. Consumers also snapped up items that were not tax-exempt.
Read more: www.cleveland.com/business/index.ssf/2016/04/2016_back-to-school_sales_tax.html