Tuesday, 23 October, 2018

Sales tax free shopping coming this weekend

Sales tax on school, emergency supplies to take holiday Aug. 3-5 Ohio to have a sales-tax holiday
Orlando Vargas | 03 August, 2018, 00:23

It's a great time to save money on school supplies and back-to-school clothes.

This year's sales tax holiday, from 12:01 am, Friday, August 3 to midnight, Sunday, August 5, will offer shoppers a tax-free opportunity to purchase school supplies. In April, Gov. Scott Walker used a partial veto to extend the period to five days.

The report references studies that show tax holidays don't significantly boost yearly retail sales. Computers must be purchased for personal use and must cost $750 or less.

"Sales tax holidays do not promote economic growth or significantly increase consumer purchases", the Tax Foundation said in a report.

An important distinction is that sports and recreational equipment is not considered clothing, and is not tax exempt during this weekend. The Legislature had approved temporary sales tax holidays for the past three years.

Chipotle slumps 9 percent after OH outlet linked to food poisoning complaints
Comparatively, Chipotle Mexican Grill has a beta of 0.5, indicating that its stock price is 50% less volatile than the S&P 500. Business Insider reported late-Monday that more than 170 people said they fell ill after eating at a restaurant in OH .


Blueprints for 3D-printed guns could be available this week
A settlement between the State Department and Defense Distributed is allowing the release of plans for guns online. The activist, Cody Wilson, argued that the ban violated his rights under the USA constitution.


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However, the reduced wind speed aided in curtailing the blazes which helped the firefighters to extend the buffer lines. Under the height of fire late last week, close to 38,000 inhabitants were under clearing orders.


Qualifying items in Oklahoma include clothing and shoes under $100.

Whether you're paying the bills or know someone who is, there's no denying back-to-school shopping is expensive.

State officials estimate the sales tax holiday will reduce state revenue by up to $16.9 million in 2020.

Looking to save a few dollars on back-to-school supplies, clothing or items to get you through the next hurricane? "So, you can definitely save more this weekend".

Although the local sales tax in these areas will be applied, the state sales tax will still be exempt over the weekend.

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