Oklahoma retailers expect soaring sales on sales tax holiday - KSWO 7News | Breaking News, Weather and Sports

Oklahoma retailers expect soaring sales on sales tax holiday

OKLAHOMA CITY (AP) _ Oklahoma retailers are stocking their shelves as they prepare for the state's annual sales tax holiday on back-to-school clothing and shoes.
 
Shoes and clothing costing less than $100 are exempt from state, city, county and local sales taxes during the three-day period that begins early Friday morning and ends at midnight Sunday as thousands of school-age children prepare to return to the classroom.
 
The Oklahoma Tax Commission says shoppers will save more than $7.3 million in taxes during the long weekend, which retailers say is one of their busiest shopping events of the year.
 
But tax policy analysts say it's little more than a gimmick. Matthew Gardner, executive director at the Institute on Taxation and Economic Policy, says sales tax holidays provide no long-term tax relief to consumers.
 

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