Bargain hunters rejoice, tax free weekend will be taking over Ardmore as some local retailers are gearing up to discount their already discounted prices.
Tax-free weekend for specific items will take place Friday through Sunday and will coincide with back to school shopping.
At 12:01 a.m. Friday, the sales tax exemption will take effect and last through midnight on Sunday. The number of items you can purchase under the exemption are not limited, but there are some stipulations. Only clothing items and shoes under $100 are exempt. Anything over $100 is considered a luxury item.
Many local shops will offer sales on top of the tax-free exemption. For example, Stephanie’s Beautique on Main Street, downtown Ardmore, will offer special discounts to preferred customers and garage sale pricing, along with many other area merchants.
Stephanie’s owner, Stephanie Baker, said shoppers should remember that local stores
participate in tax-free weekend, and shopping local puts money back into the community.
“Every dime you spend at a big retailer takes away local business and once the local business is gone, it’s gone,” Baker said. “When you invest in the community, you’re investing in your home. People need to take advantage of this weekend and shop local.”
While the tax exemption applies to clothes and shoes, there are some things that don’t qualify. Accessories, specialty clothing or footwear designed for athletic activity are not included
Oklahoma passed Senate Bill 861 in 2007, creating the tax-free weekend. Rep. Pat Ownbey (R-Ardmore), who was elected in 2009, said the ideology behind it was to give families a break before school starts and help them save money; and keep shoppers from leaving Oklahoma.
Chris Peters, who owns The Rage in downtown Ardmore, said before Oklahoma implemented a tax-free weekend many of his customers would go to Texas to reap the tax-free benefits.
“It’s a good thing,” Peters said. “It’s important to keep the dollars here in Ardmore. Shopping local helps the community a lot and makes sure the dollars don’t float away.”
Ownbey said that during the last legislative session congress considered doing away with tax-free weekend due to budget constraints, but that idea was never acted on.
“If I had it my way, it would include school supplies as well,” Ownbey said. “We’ve got to stay competitive. We’re competing with Texas and their tax-free weekend. Having people shop here is not only good for our state, but our local communities as well.”
For more information about tax free weekend, visit https://www.ok.gov/tax/faqs.html#c412.