Published: Thu, August 02, 2018
Markets | By Otis Pena

OH offers sales tax free weekend

OH offers sales tax free weekend

While the first day of school might be about a month away, you can get a head start on some of that back to school shopping thanks to the yearly tax-free weekend.

School computer supplies purchased by the consumer for personal use won't be taxed if items are under $250.

In anctipation of the crowds, Cottonwood Mall has added hours to its weekend schedule, staying open until 10 p.m. Friday and Saturday and 7 p.m. Sunday.

The tax holiday qualifies for personal-use items only. If the price of an item is more, the whole price becomes taxable. He also encouraged people to look at the Chamber and see the options they have for buying and shopping locally, including a Chamber gift certificate.

That's because the new 0.45-cent sales tax bill passed by the Legislature and signed into law by Gov. John Bel Edwards this summer discontinued the state's three sales tax holidays for seven years.

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The central bank also said indicators suggested that economic activity continued to be strong. RBI Governor Urjit Patel at the third bi-monthly monetary policy press conference.

People may wait to make large item purchases and increase sales during the tax exempt period, though Wisconsin's holiday limits this significantly.

You can also get the qualified items online, tax free.

School supplies are tax-free as long as each item is under $75.

There is no estimate of how much local governments lose from the weekend, but the cost to the state has been about $3.3 million to $3.4 million annually, according to data from the state Taxation and Revenue Department. See more about Missouri's tax-free holiday weekend here.

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