We are pleased to inform you that Ohio will be implementing a sales tax holiday exclusively for dine-in meals for the first time, spanning from 12:00 a.m. on July 30th to 11:59 p.m. on August 8th, 2024. This initiative aims to encourage dining out and support local businesses during this period.
Key Points to Note:
- Duration: The sales tax exemption period will cover 10 full days, starting from July 30th at midnight and concluding on August 8th at midnight.
- Eligible Items: Most tangible personal property priced at $500 or less per item will be eligible for exemption. However, certain items such as alcoholic beverages, tobacco, certain vapor products, and items containing marijuana remain taxable.
- No Total Purchase Limit: Customers are entitled to purchase multiple eligible items without a cap on the total amount.
- Exclusion of Services: Please note that all taxable services remain excluded from this exemption.
Additional Instructions for Compliance:
- When filing your sales tax return, make sure to include all sales qualifying for the holiday on line 2 of the UST-1 form.
- Participation in this tax holiday is mandatory. Failure to comply may result in penalties or audit risks.
- For any menu item not on the excluded list (e.g., alcohol) priced under $500, the item will be tax-free when consumed on premises. This exemption applies on an item-by-item basis, not the total bill. Alcohol must be rung up separately and will remain taxable.
Example Scenario: If a family orders four meals at $25 each ($100 total) and two alcoholic beverages at $10 each ($20 total), the food ($100) would be tax-exempt, while the alcohol ($20) would still be subject to tax.
We encourage you to take full advantage of this sales tax holiday to enhance customer experience and boost sales during the specified period.
Should you have any questions or require further clarification, please do not hesitate to contact me at [email protected]