Ohio’s 10-Day Sales Tax Holiday: Compliance Essentials for Your Business
Starting at midnight Tuesday July 30th, Ohio's expanded sales tax holiday will run 10 days through Thursday August 8th. The holiday exempts any good, including dine-in restaurant food, that costs $500 or less. Any good that costs more than $500 is fully taxable. The holiday does not apply to vehicles, boats and titled motors, alcohol, tobacco, vapor, items that contain marijuana, and services.
Ohio's previous sales tax holidays applied only to school supplies that cost $20 or less and clothing that cost $75 or less and ran only 3 days.
Many unique circumstances (such exchanges, discounts, rebates, and two-for-ones) are discussed on the Ohio Tax Department's website.
Ohio retailers are required to comply with the holiday. Any sales tax collected inappropriately should be refunded to the customer. For reporting purposes, sales exempted by the holiday should be included with all other exempt sales and reported on line 2 of the return.
For more details, contact CSH's Indirect Tax experts.