July 28, 2016 Leave a comment
Temperatures might still feel hot, but summer is already coming to a close as students prepare to head back to school in the coming weeks.
Going back to school means it’s time for most students to stock up on school supplies. As new clothing for school as well as other items, such as binders and notebooks, can be quite pricey it is a good idea to take advantage of Ohio’s upcoming tax free weekend. The tax free weekend begins Friday, Aug. 5 at midnight and will continue through Sunday, Aug. 7 at 11:59 p.m.
The tax free holiday will give customers and students the chance to purchase many school-necessary items at a lower price. Items that will be exempt from sales and use tax include clothing priced at $75 per item or less; school supplies priced at $20 per item or less; and school instructional material priced at $20 per item or less. Ohio is one of only 20 states participating in this year’s tax free holiday.
Clothing is perhaps one of the most expensive items needed for school, and tax free weekend is the perfect time to buy. Since the rule states under $75 PER individual item, you may purchase any number of clothing pieces within that price. Most clothing that meets the under $75 price tag is included in the tax free holiday. Examples of items not eligible include sports equipment, such as ballet shoes, spiked athletic shoes; and mouth guards. Accessories, such as hair bows, purses, wallets, and sunglasses, also are not eligible. Items purchased for use in a trade or business are also excluded.
According to www.freetaxweekend.com the following types of clothing are under the tax free umbrella:
- Uniforms (athletic and nonathletic)
- Coats and jackets
- Gloves/mittens/hats/caps/ear muffs
- Neckties and scarves
- Aprons (household and shop)
- Lab Coats
- Bathing suits and caps
- Baby receiving blankets
- Diapers (including children and adult)
- Formal Wear and wedding apparel
With a large variety of basic school supplies eligible for the tax free holiday, plan to save money on these items as well. School supplies accepted include: binders; book bags; calculators; cellophane tape; blackboard chalk; compasses; composition books; crayons; erasers; folders (expandable, pocket, plastic, and manila); glue; paste; paste sticks; highlighters; index cards; index card boxes; legal pads; lunch boxes; markers; notebooks; paper; loose leaf ruled notebook paper; copy paper; graph paper; tracing paper; manila paper; colored paper; poster board; construction paper; pencil boxes and other school supply boxes; pencil sharpeners; pencils; pens; protractors; rulers; scissors; and writing tablets. Items excluded from this list are taxable. In addition, any item purchased for use in a trade or business will not be tax free.
School instructional materials eligible for the tax free holiday include only the following: reference books; reference maps; globes; textbooks; and workbooks.
If you have a coupon offered by the retailer to reduce the price of an eligible item to $20, the item will qualify for tax exemption. For more information on what types of coupons/discounts accepted as well as more details regarding tax free weekend, visit www.freetaxweekend.com/ohio-tax-free-weekend/.
As always we encourage you to shop local and think Community First as you purchase your back to school necessities!