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Another school year is headed this way and this weekend will be an opportunity for students to stock up on back-to-school styles.
Oklahoma’s annual tax-free holiday will run Friday-Sunday. For those three days, taxes will not apply to clothing, school supplies or shoes.
“Traditionally, one of the reasons for the sales tax holiday was that everyone was going to Texas for back-to-school items,” said Chris Deal, Duncan Chamber of Commerce and Industry president.
With new retailers in town since last year’s tax-free holiday, such as rue21 and Big 5, Deal said Duncan should see more traffic for the weekend.
“The retail environment has been improving all over and sales have been strengthening,” said Deal.
“It’s a good opportunity for merchants to provide the same incentives as those in neighboring states. The new stores have a good selection of retail items and I think they’ll capture a lot of sales for back-to-school.”
Though Walmart stays open 24-7, other retailers typically lengthen their store hours to accommodate higher customer traffic during those three days.
Tax-free holidays not only offer an opportunity for parents to purchase items for the upcoming school year, but allow others to restock their wardrobe or get a badly-need new pair of sneakers. However, an one item that exceeds $100, such as a pair of high-priced brand name shoes, is taxable.
Items you may not have expected to see on the tax exempt list are disposable diapers, shoe insoles and wedding apparel. On the other hand, items that are taxable include jewelry, handbags, other accessories and any special clothing or footwear that is primarily designed for an athletic activity or protective use that is not normally worn.
More information about tax-free weekend can be found on the Oklahoma Tax Commission’s website at www.tax.ok.gov/stholiday.html.