Franklin County Sales Tax Increase Approved
Following a .25% state-wide sales tax increase that took effect on Sept. 1, 2013, Franklin County Commissioners approved a two-piece .5% sales tax increase on Sept. 24, 2013.
The first piece of the increase is a .25% permanent increase, the second piece is a .25% temporary increase set to expire on Dec. 31, 2018.
This takes Franklin County’s combined state and county sales tax rate to 7.5% effective on January 1, 2014, second highest in the state only to Cuyahoga County’s 8% rate.
The temporary part of the increase is earmarked for a new $150 million jail, $50 million morgue and lab, and provide seed money for a proposed economic development fund.
That $25,000 car purchased in December 2013 will cost $125 less than it will if purchased in January 2014. The $100k piece of equipment will cost $500 less in 2013 than in 2014.
