House Approves Sales Tax Holiday Expansion

The House has voted to expand the sales tax holiday for parents making back-to-school purchases for their children.

House Bill 3358, by Rep. Randy Terrill, expands Oklahoma's"sales tax holiday," conducted the first full weekend of each August, to include a tax break on school supplies.

The legislation also reduces the franchise tax on small businesses and guarantees the income tax cuts promised by Governor Henry and the Legislature in previous sessions.

House Bill 3358 would repeal the state's 4.5 percent sales tax on the purchase of school supplies so long as the combined purchases total no more than $100.

The holiday would cover items including binders, book bags, calculators, tape, crayons, erasers, glue, highlighters, lunch boxes, notebooks, paper, pencils, pens, rulers and many other items.

The current tax holiday applies only to sales of clothing and footwear valued at less than $100 apiece.

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