Oklahoma's Tax Free Weekend: clothes & shoes
Fri, 01 Aug 2014 21:14:36 GMT —
Oklahoma's Tax Free Weekend offers a break for shoppers in the market for clothing and shoes before the school season starts, happening Aug. 1-3.
Oklahoma's guidelines for Tax Free Weekend are quite a bit simpler than New Mexico's, but less tax-exempt items are offered.
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 $100 are exempt. The list includes items such as: household/shop aprons, athletic supporters, baby receiving blankets, bathing suits/caps, beach capes/coats (what are beach capes/coats?? Even Google doesn't know), belts and suspenders, boots, coats and jackets, costumes, diapers (adult and children), ear muffs, footlets (a what?), formal wear, garters and garter belts, girdles, gloves and mittens, hats and caps, hosiery, insoles for shoes, lab coats, neckties, overshoes, pantyhose, rainwear, rubber pants (what?), sandals, scarves, shoes and laces, slippers, sneakers, socks and stockings, steel-toed shoes, underwear, athletic and non-athletic uniforms, and wedding apparel. All items must be priced at less than $100.Taxable items include: 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.
Stores offering sales:
The total price of items in the â??bogoâ?? cannot be averaged to qualify both items for the exemption. The exemption depends on the actual price paid for each item.
If a retailer offers a discount to reduce the price of an eligible item to less than $100 the item will qualify for the sales tax exemption. This applies to all discounts even if a retailerâ??s coupon or loyalty card is required to secure the discount.If a retailer accepts a coupon that entitles the retailer to third-party reimbursement, such as a manufacturerâ??s coupon, the discount provided by the coupon does not reduce the itemâ??s sales price for purposes of determining whether the item is eligible for the exemption.EXCHANGE/RETURNS:If a customer buys an eligible item during the sales tax holiday and later exchanges it for the same item in a different size or color, tax is not to be charged even if the exchange is made after the sales tax holiday.If a customer buys an eligible item during the sales tax holiday and returns the item after the tax holiday period for credit on the purchase of a different item, sales tax applies to the sale of the newly purchased item, even if it would have been eligible for the exemption during the sales tax holiday.If a customer buys an eligible item before the holiday period, but returns the item during the sales tax holiday period and receives credit on the purchase of a different item of eligible property, no sales tax is due on the sale of the new item.ONLINE SHOPPING: Eligible items sold to purchasers by mail, telephone, email or internet shall qualify for the sales tax exemption if the customer orders and pays for the item and the retailer accepts the order during the exemption period for immediate shipment, even if delivery is made after the exemption period. New Mexico's Tax Free Weekend includes items such as school supplies priced less than $30, computers less than $1,000 and computer hardware less than $500.