Oklahoma will hold a sales tax holiday this weekend giving shoppers the opportunity to purchase certain clothing and shoes free of sales tax. This includes state and any local sales taxes. Many Altus merchants are joining in by holding Crazy Days Sales. (Look in today’s and other editions this week to get a sneak peak at some of the great savings coming your way this Friday, Saturday and Sunday).
Retailers are required to participate and may not charge tax on items that are legally tax-exempt during the sales tax holiday.
What items are exempt from sales tax during the sales tax holiday?
Sales of any article of clothing or footwear designed to be worn on or about the human body and the sales price of the article is less than one hundred dollars ($100) are exempt.
This does not apply to the sale of any accessories, special clothing or footwear primarily designed for athletic activity or protective use that is not normally worn except when used for athletic activity or protective use, or to the rental of clothing or footwear.
What items are not exempt from sales tax during the sales tax holiday?
Any special clothing or footwear that is primarily designed for an athletic activity or protective use that is not normally worn except when used for athletic activity or protective use for which it is designed.
Accessories including jewelry, handbags, luggage, umbrellas, wallets, watches, and other similar items carried on or about the human body, without regard to whether worn on the body in a manner characteristic of clothing are considered taxable.
The rental of clothing or footwear is also taxable.