Sales tax holiday easing burden for school supplies
Franklin County back-to-school shoppers will save 7.5-percent this weekend as the annual tax holiday went into effect today and continues through Sunday. Retailers will not be collecting sales tax on back-to-school items and clothing items $75 or under through the weekend.
How much is 7.5-percent? We went out and bought a fourth-grader's back to school items and would have spent about $43. But the bill came to $40 and change, a savings of $3. One shopper said she made her dollars go even farther by coupling the tax break with coupons and sales. Emily McKenna said she spent around $100 today and did better than a 7.5-percent discount.
"I would say a little more than that, with the coupons," she said.
Franklin County shoppers pay the second highest sales tax in the state. Only Cuyahoga County has a higher sales tax at 8-percent. The Ohio Department of Taxation estimates the tax holiday could mean the state misses out on $19.1 million and local governments $4.3 million.
Computers and electronics are not eligible. Online retailers however will be honoring the tax holiday through the weekend.