TULSA, Okla. — This weekend marks Oklahoma’s annual sales tax holiday.
This year, it runs from 12:01 a.m. Friday, August 7, 2020, through midnight on Sunday, August 9, 2020.
During this time period, sales of eligible clothing and shoes are exempt from sales tax. All qualified items are exempt from state, city, county and local municipality sales tax.
Lawmakers introduced the holiday which is meant to boost business by helping customers save money. The bill introducing the holiday was passed in 2007.
Anyone can take advantage of the holiday and all retailers are required to participate.
Retailers are required to participate in the three-day sales tax holiday and may not collect sales and use tax on sales on qualified footwear and clothing items priced less than $100 dollars.
Walmart also has a big “Back to School” section in most store along with school supplies list.
Supplies along with tax-free items are available for pick up or delivery.
Although school supplies aren’t tax-exempt, store managers expect customers will still come in the benefit from savings on clothes and shoes.
Academy has an additional 25 percent off select Nike, Adidas and Under Armour apparel and footwear. Health care workers, first responders and military members get 10 percent off their purchase.
Here are a couple of FAQ’s from the Oklahoma Tax Commission:
What items are not exempt from sales tax during the sales tax holiday?
Any special clothing or footwear that is primarily designed for an athletic activity or protective use that is not normally worn except when used for athletic activity or protective use for which it is designed. Accessories including jewelry, handbags, luggage, umbrellas, wallets, watches, and other similar items carried on or about the human body, without regard to whether worn on the body in a manner characteristic of clothing are considered taxable. The rental of clothing or footwear is also taxable.
Who may make sales tax-exempt purchases?
Under the special holiday law, if an item is tax exempt, anyone may make the purchase tax-free.
Are all retailers required to participate?
Yes, retailers may not charge tax on items that are tax-exempt during the sales tax holiday weekend.
Is there a maximum price before an item becomes taxable?
Yes, if an eligible item is less than $100 it is sales tax exempt during the sales tax holiday. An item that is $100 or more is taxable.
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