Tax free weekend to offer savings in Oklahoma

Oklahoma’s statewide tax holiday aims to cut consumer costs for back-to-school clothing.
By Catherine Sweeney, Business Reporter Published: July 31, 2014
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It’s not Black Friday; it’s the other widely celebrated shopping holiday.

Friday morning starts Oklahoma’s eighth annual tax-free weekend.

Like Black Friday targets shoppers for Christmas, tax-free weekend is for shoppers for the school year — specifically those seeking back-to-school clothes.

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.

During the three-day reprieve, shoppers won’t pay local, county or state sales tax. Throughout the metro, sales tax amounts to a little more than 8 percent.

Last year, Oklahomans saved about $7.3 million during the holiday, according to the Oklahoma Tax Commission.

The Legislature established the holiday in 2007. It was a measure to keep shoppers in state, said Paula Ross, a representative of the commission. People were driving to Texas to save money on sales tax.

In a win-win situation, retailers see more business, customers save money and government doesn’t lose revenue, Ross said. The bill that created the holiday also created a fund to reimburse lost tax dollars.

To encourage tax-free shoppers, retailers throughout the metro are supplementing savings with sales and promotions during the weekend.

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