Effective April 1, 2022, the following jurisdictions in Ohio will increase their sales and use tax rates:
- Coshocton County 7.75% from 7.25%
- Mahoning County 7.50% from 7.25%
- Lucas County and City of Rossford are part of The Toledo Area Regional Transit Authority (TARTA) which enacted 0.50% sales and use tax. The rate in Rossford, Wood County will be 7.25% an increase from 6.75%. The rate in Lucas County increases to 7.75% from 7.25%.
Taxpayers should ensure that the rate changes are accurately reflected in their systems so that customers are charged the appropriate sales tax rate. This may include retailers updating cash registers and point-of-sale software and systems. It is a good practice to review sales on the effective date of the rate change to confirm systems are properly calculating the tax. In addition, businesses need to update their use tax rates in order to capture the rate increases when self-assessing use tax in these jurisdictions. Use tax rates are typically updated in a firm’s accounting software or ERP system.
Additional Ohio sales and use tax rate information can be found here.
I am happy to answer further questions regarding how this increase may affect you or your business. Please contact HBK’s SALT Advisory group at HBKSalt@hbkcpa.com.