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Economy and Business


The possibility of a sales tax holiday
Gordon Gough discusses pros and cons of sales tax for consumers and the state
by WKSU's STATEHOUSE BUREAU CHIEF KAREN KASLER


Reporter
Karen Kasler
 
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A long weekend of no sales taxes on back-to-school clothes and supplies would save Ohioans money, but Ohio’s retailers say it could be a big economic benefit to the state too.
LISTEN: Gordon Gough on sales tax

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The Ohio Council of Retail Merchants commissioned a study on back-to-school shopping last year that estimated an average of $700 per Ohio family.

Gordon Gough is the executive vice president of the Council on Retail Merchants and says Ohioans would have saved $78 million dollars on those purchases, but it pays off for the state too.

Gough says the average family spending $700 would have saved $40 if the state sales tax were suspended.A sales tax holiday has been talked about in Ohio before, but Gough says no state that touches Ohio does a sales tax holiday on back-to-school shopping.

Retailers are launching a new push with lawmakers for a three-day sales tax holiday proposal to be in place for late summer next year.

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