- Ohio Department of Taxation has expanded the timeline for Ohio’s annual sales tax holiday
- Sales tax is suspended on eligible tangible personal property during the holiday
- Excluded items include watercraft motors, vehicles, alcohol, tobacco, vapes, and marijuana
- Consumers are exempt from paying sales and use tax if an item’s price is less than $500
- All Ohio vendors participate in the holiday
- Businesses have compliance obligations during the holiday, including reporting exempt sales
- Consumers can make exchanges and returns during the holiday week
- Transactions outside the week are subject to normal sales tax rules
Source: mccarthylebit.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
