Oklahomans are celebrating their annual tax-free holiday this weekend.
Running from 12:01 a.m. Friday to midnight Sunday, various items are exempt from state, county and local taxes. This exemption will save about 8 percent.
Last year, Oklahomans saved about $7.3 million during the holiday, according to the Oklahoma Tax Commission.
Various clothing items will be tax exempt throughout the weekend. The exemption doesn’t apply to school supplies or any individual items priced more than $100.
In a win-win situation, retailers see more business, customers save money and government doesn’t lose revenue, said Paula Ross, a representative of the commission. The bill that created the holiday also created a fund to reimburse lost tax dollars.
The Legislature established the holiday in 2007. It was a measure to keep shoppers in state, Ross said. People were driving to Texas to save money on sales tax.
Many merchants throughout the metro area feature sales and promotions to encourage more shopping during the holiday.