MEIGS COUNTY — With families readying their children and young adults to walk back through the doors at their respective schools, this weekend’s tax holiday is a perfect time for parents to get discounts on back-to-school supplies.
This tax holiday comes to Ohio after Senate Bill 243 that Gov. John Kasich signed into law Dec. 2014, although many lawmakers are hoping this will become a recurring event. Ohio joins 18 other states that offer a similar temporary tax break for its residents.
This specific sales tax holiday, which only applies to businesses within Ohio, will begin at 12:01 a.m. Friday, Aug. 7 through Sunday, Aug. 9 at 11:59 p.m. During this time all in-store and online vendors are required to waive the collection of the state’s sales tax on designated items. Ohio joins 18 other states that offer a similar temporary tax break for its residents.
Meigs County local officals want residents to know about this holiday.
“SB 243 has given us this (potentially) one-time tax-free holiday in time for school supplies and school clothes,” Smith said. “I hope everyone takes advantage. It’s a great weekend to shop local.”
These items include items of clothing priced at $75 or less, commonly used school supplies, including book bags, pencils and crayons, among other items priced at $20 or less and instructional materials including textbooks and workbooks priced at $20 or less. Price restrictions on items are solely for individual items. The qualification of the exemption is determined item by item and there are no restrictions on final prices.
The tax holiday does acknowledge retailer coupons and loyalty cards. The final price charged by the store is what is looked at for qualification of the sales tax.
However, if a retailer accepts a coupon that entitles the retailer to third-party reimbursement, such as a manufacturer’s coupon, the discount provided by the coupon does not reduce the item’s sales price for purposes of determining whether the item is eligible for the exemption. This same principal is used on rebated items.
Qualifying items placed on or picked up from layaway during the sales tax holiday are exempt from sales tax.
The clothing items vary and include many options, not just shoes and general clothing. Some of the more obscure things mentioned on the list that might not be thought of include athletic supporters, lab coats, bathing suits and caps, costumes, diapers, rubber pants, garter belts, formal wear and wedding apparel.
The only items not included in the sales tax holiday include accessories, items used in a trade or business, protective wear, sewing materials, and very few limited items. An entire list can be found online at the Ohio.gov website.
All vendors are required to abide by the rules laid out in the bill, as it is law. No establishment may choose to not participate in the tax free holiday. According to the National Retail Federation, the average family with children in grades K-12 will spend $669.28 on apparel, shoes, supplies and electronics.
The tax holiday could be saving the average family nearly $50.
Meigs Local Schools and Eastern Schools begin their new year Wednessday, Aug. 26, with Southern Local Schools beginning Thursday, Aug. 27.