Wednesday, July 25, 2007

Sales Tax Holiday Coming August 3rd

Governor Brad Henry today cleared the way for the state’s first sales tax holiday by signing the final administrative rules that will govern the new program. The three-day sales tax holiday will begin Friday, August 3. Purchases of clothing and footwear up to $100 will be exempt from the sales tax. The tax holiday will be an annual event the first weekend in August.
“This will help parents with their back-to-school shopping and give Oklahoma retailers a boost at the same time,” said Henry. “In past years, Oklahomans have taken their money to Texas to take advantage of that state’s sales tax holiday. There’s no reason to keep exporting Oklahoma retail dollars south of the Red River.”
The rules approved by the Governor today will allow the Oklahoma Tax Commission to administer the new program and the temporary suspension of the sales tax.

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