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July 22, 2024 10:50 pm

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Bill Co-Sponsored by Rep. Tim Brown Extends Sales Tax Holiday for Back-to-School Purchases

COLUMBUS – State Representative Tim Brown announced that the Ohio House passed SB 264, which designates the first weekend in August 2016 as a sales tax holiday for the purposes of back-to-school shopping. The legislation creates a three-day period in which certain school supplies are exempt from both state and county sales tax.

The bill allows clothing up to $75 per item, and school supplies and instructional materials up to $20 per item, to qualify for the sales tax exemption. The intention of the sales tax holiday is to provide families a tax break on back-to-school shopping, while also stimulating economic activity for local businesses.

“I applaud the General Assembly for continuing to pass legislation that makes back to school purchases more affordable for families.  The 2015 sales tax holiday spurred economic activity in Wood County and I support this reauthorization.  As my district additionally is rich in collegiate institutions, this tax holiday will also reduce some of the financial burdens our college students face.  Representative Brown said.”

In the previous General Assembly, the legislature passed similar legislation to create a one-time sales tax holiday in 2015 as a way to explore the potential impact. According to the University of Cincinnati’s Economic Center, the sales total for that weekend was 6.48 percent higher than anticipated and led to $4.7 million in additional revenue for the state.

The study also showed an increase of sales near Ohio’s boarders, indicating that people from neighboring states came to Ohio to do their back-to-school shopping and take advantage of the sales tax exemption.

The success of the sales tax holiday in 2015 has led the legislature to reauthorize the back-to-school sales tax holiday for the first weekend of August. Provided that Governor Kasich signs the legislation, the bill will take effect in time for the sales tax holiday to take place from August 5-7 of this year.

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