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.