COLUMBUS – Ohio retail industry leaders say consumers are expected to take advantage of this year’s sales tax holiday by spending about 10 percent more than last year, spread across brick and mortar and online retailers alike.
This year’s sales tax holiday legislation, Senate Bill 9, was sponsored by State Senator Kevin Bacon (R-Minerva Park) and passed with bipartisan support in both the Ohio Senate and Ohio House. Senate Bill 9 was signed into law by Governor Kasich on June 13, 2017.
“The National Retail Federation’s annual survey of national consumer purchases indicates total spending will reach $83.6 billion for K-12 and college necessities, up about 10 percent from last year’s $75.8 billion,” said Gordon Gough, President/ CEO of the Ohio Council of Retail Merchants.
“With 58,000 new jobs added in Ohio since last June, consumer confidence is rising. Ohio’s sales tax holiday adds to that confidence by providing great bargains for everyone in the market for clothes, shoes or school materials,” Gough concluded.
The sales tax holiday runs from Friday, August 4 at 12:00 a.m. until Sunday, August 6 at 11:59 pm, and exempts purchases of clothing and footwear up to $75 per item and all school materials such as pens, pencils, scissors and paper and instructional materials such as books, workbooks and study guides up to $20 per item. For all eligible items, please see http://www.tax.ohio.gov/sales_and_use/salestaxholiday/holidayfaq.aspx.