OUR THOUGHTS ON:

Ohio Sales Tax Holiday 2016

State and Local Tax

By Matthew Dodge

Ohio’s sales tax holiday runs from Friday, August 5, 2016 through on Sunday, August 7, 2016.  During the holiday, clothing priced at $75 or less, school supplies priced at $20 per item or less and school instruction materials priced at $20 per item or less are exempt from state and local sales and use tax.

Items used in a trade or business are not exempt during the sales tax holiday.  Clothing accessories and sports and recreational equipment do not qualify for the sales tax holiday.

Details and frequently asked questions regarding the holiday can be viewed on the Ohio Department of Taxation’s website at:  

http://www.tax.ohio.gov/sales_and_use/SalesTaxHoliday.aspx

Contact us with questions regarding sales and use tax and visit the “Our Thoughts On” blog for additional state and local tax updates as they become available 

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The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

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