Tax-Free Holiday: Sales during school supply tax holiday weekend

Ohio to have a sales-tax holiday

Definitely keep an eye out on clothing, including work and school uniforms.

State officials estimate the sales tax holiday will reduce state revenue by up to $16.9 million in 2020.

Parents will also save tax on certain school supplies if each item is $15 or less.

Seventeen states schedule tax holidays throughout the year, according to the Federation of Tax Administrators. Shoppers will also have the opportunity to utilize layaway during the weekend, or they can shop online.

The sales tax holiday runs through Sunday, August 5, and all retailers in the state are required to participate. "It definitely helps with traffic and sales, having the tax free, everybody likes that savings", explained Pinson.

As Ohio's Sales Tax Holiday gets underway, we found Jennifer McQueen and her daughter going over their school list and planning to "own it like a hero", as the Walmart ads say this year.

The three-day tax-free holiday was held the first weekend in August to give families a break on the cost of clothing, shoes, sports gear, computers, school supplies and other items. Georgia repealed a tax holiday last year, and the Massachusetts Legislature this year defeated a proposed holiday, Anklam said. For example, if a retailer sells a pair of trousers during the sales tax holiday for $75 and also charges $10 to alter the trousers, then the entire charge of $85 is exempt from the sales or use tax.

Louisiana's Department of Revenue estimates the sales tax holidays would have cost the state $5.2 million in taxes this year.

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