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Ohio’s expanded sales tax holiday this summer brought in some unexpected numbers
< < Back to 18COLUMBUS, Ohio (Statehouse News Bureau) — The state’s revenue numbers for September include the impact of the sales tax holiday, expanded to 10 days this year and including nearly anything under $500. And there’s good news and bad news in those figures.
This year’s sales tax holiday applied to nearly everything under $500, from back-to-school clothing and educational items to appliances and furniture. Restaurants were also included, though alcohol was not. Also excluded were marijuana or tobacco products, cars and boats.Murnieks said customers may not have benefited as much as predicted, but the state gets a break.“Essentially we will make a less than anticipated a lower than anticipated transfer out of that fund into our general fund this year for this particular sales tax holiday period,” Murnieks said.
The September report shows the state’s total revenues are at 2.8% over forecasts.