For Immediate Release:
February 22, 2008
Bill Extending Back to School Sales Tax Holiday
Heads to Senate
A measure to extend Oklahoma's Back to School sales
tax holiday to include more items passed its first hurdle this week. Senate
Bill 1149, by State Sen. Don Barrington, adds school supplies, school
art supplies and school instructional materials used by students to the
list of items already exempt from sales tax during the first weekend in
August. Barrington also authored SB 861 that created the sales tax holiday.
"Last year's sales tax holiday was a great success and Oklahomans
saved millions of dollars, but we can do even more for Oklahoma families,"
said Barrington, R-Lawton. "Every year, parents spend hundreds, and
sometimes even thousands, of dollars on school supplies including the
basics like paper and pencils, but also on items such as computers and
school computer supplies. By making these items tax free, we'll be helping
their hard-earned money go even further."
Currently, clothing and footwear valued up to $100 are tax-free during
the first weekend in August. Barrington’s bill would expand the
list of tax-free items to include school supplies such as pencils, paper,
crayons, notebooks, calculators, instructional materials and computers
that cost under $100 as well.
The Tax Commission estimates that taxpayers could save up to $18 million
in fiscal year 2010 under this bill. If approved and signed into law,
the measure would go into effect July 1, 2009.
For more information contact:
Senator Barrington's Office: (405) 521-5563