Senate Pro Tem Greg Treat, R-Oklahoma City, today announced the long-awaited reduction in Oklahoma’s grocery tax will take effect Thursday.
The tax cut, which was approved during this year’s legislative session, marks a significant step toward easing the financial burden on Oklahoma families. It also represents the largest tax cut in state history.
Starting this Thursday, August 29, the 4.5% state sales tax on groceries will be eliminated, allowing Oklahomans to keep more of their hard-earned money. The tax cut is part of a broader effort by the state legislature to address rising costs and promote economic relief across the state.
“The grocery tax cut will provide immediate relief to families struggling with the increased cost of living and inflation,” Pro Tem Treat said. “This legislation reflects our commitment to making life more affordable for all Oklahomans. The grocery tax is a regressive tax that impacts everyone every time they buy groceries. While this tax cut represents the largest tax cut in state history, it also supports the well-being of our citizens. I am proud to have supported this tax cut for many years and am proud to finally getting it across the finish line.”
According to reports from earlier this year, average Oklahomans spend nearly $300 per trip to the grocery store, putting the state in the top 10 in the nation for highest grocery bill per week.
Senate Bill 1283 passed with large bipartisan support in both the Senate and House. The reduction in the grocery tax is expected to save Oklahoma families hundreds of dollars annually.
To learn more about the grocery tax and how it is being implemented, click here.