Back-to-school tax holiday will be permanent thanks to Kevin Bacon
Back-to-school shoppers, rejoice! State Senator Kevin Bacon’s tax holiday on back-to-school supplies passed through the House of Representatives in a landslide 94-1 margin, meaning the bill is headed to Governor John Kasich’s desk, where it’s expected to be signed.
Bill sponsor Bacon (R-Minerva Park), said it will be a boon not only to families, but to businesses as well.
“The opportunity to save money on essential clothing and school items will reduce the financial strain on families and will boost sales for local retailers,” Bacon said.
When it’s signed, the bill will establish a three-day period in August where state sales tax does not apply to essential back-to-school items, like clothing and school supplies.
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2/24/16: Kevin Bacon’s tax holiday passes: “The proof was in the pudding”
A bill proposed by State senator Kevin Bacon (R-Minerva Park) that would enact a permanent tax holiday on school supplies passed through the state Senate today with overwhelming support.
“The proof was in the pudding with the results in 2015, and I think you’re going to see really good results again this year,” Bacon said, referring to the success of the 2015 tax holiday, which was a boon to consumers and businesses.
The bill is expected to pass through the House, with the tax holiday set for a weekend in August.
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1/26/16: State Sen. Kevin Bacon advocates for permanent back-to-school tax holiday
State senator Kevin Bacon, a republican representing Minerva Park, called for a permanent tax holiday on back to school supplies following the success of last year’s trial legislation.
If the tax holiday were enacted, it would mean that state and local sales tax, which amounts to 7.5% in Franklin County, would not apply to common school supplies worth up to $20, and certain items of clothing worth up to $75 during a weekend in August.
Businesses and consumers called last year’s tax holiday a rousing success, but the Kasich administration could stand to lose up to $20 million, according to its own analysis. Of course, the prospect of making Ohioans happy and educated could outweigh the monetary cost to the state.
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