Oklahoma’s Tax-Free Holiday This Weekend

If something cost $2,800, the full 5 percent tax would be charged on $300 of the cost.

Fredericksburg Parent & Family magazine has timed its Back-to-School Expo in the middle of the holiday.

In Missouri, the tax holiday begins on Friday, August 4th and runs through Sunday, August 6th.

“For people that live in neighboring states that don’t have this, they come across the border and shop in OH, which is good thing to sort of boost our economy a little bit”. However, local jurisdictions can choose to not participate in the holiday if they enact an ordinance to not participate, and notify the department 45 days prior to the sales tax holiday.

In fact, the study showed that during the sales tax holiday period from August 7-9, 2015, the state actually saw an increase in sales tax collections of about 9 percent, “which could be attributed to the fact that consumers increase purchases of non-exempt items while shopping for tax-exempt items”.

But he is doubtful Baker’s bill will pass.

On Thursday, Cape Coral’s JCPenney was stocked and ready to go for the holiday.

Iowa’s Legislature launched this two-day tax holiday in 2000.

“We do see a lot more foot traffic that weekend, especially because of the tax free incentive”, Ahlfenger said. In Broward, the savings is 6 percent.

Numerous businesses offer the same brands seen in larger cities, so foot traffic increases on the tax free weekend and makes Main Street a bustling place.

It’s the third year the state has held the event.

Ending the tax holiday was a regressive move that hurt those who can least afford to pay a few extra bucks.

While Oklahoma’s tax free weekend only includes clothing, Texas’ tax free weekend includes clothing, backpacks and school supplies under $100 that are tax free.

“People are always looking for bigger discounts”, he said.

But according to the State House News Service, lawmakers are on a summer recess, and a single lawmaker could block it.

“There are tens and tens of thousands of retailers in this state that benefit from this”, Miller said. You can find more information on Maryland’s tax-free week online here. You can also buy Energy Star and WaterSense products without paying sales tax.

Ahlfenger said shopping locally helps the local economy, but also cuts down on travel costs.

“They have their backs against the wall”, he said. “I hope that means more business”.

While we’re sure some shoppers with above-average incomes took advantage of the tax-free weekend, it primarily benefited low- and middle-income families.

“Our state is headed in the right direction”.

Not everyone is convinced tax-free holidays are worth the effort, given the loss in state revenue.

That’s what I would do if I were a retailer.