Mark your calendars. The countdown to the elimination of the state grocery tax is in full swing. Come August 29, Oklahomans will see savings at the grocery store when the state's portion of the tax is eliminated.
I think everyone could agree that since 2019, the price of essential grocery items has risen, putting a strain on everyone's budget. The cost of a dozen eggs has doubled, and a loaf of white bread has gone up by 51% in just four years.
Many Oklahomans, especially those who live from paycheck to paycheck or have a fixed income, are finding that they can't buy as much because prices keep going up. According to the Bureau of Labor Statistics, food is the third-largest household expenditure, following housing and transportation.
To help out in these challenging times, the Oklahoma Legislature passed House Bill 1955 to eliminate the 4.5% state sales tax on groceries, providing much-needed financial relief to those who need it most.
This tax cut is all about putting more cash back into the pockets of Oklahomans, giving us the freedom to spend our money how we want. The Oklahoma Tax Commission estimates that the average Oklahoman will save $105.79 annually, and that extra money in the budget makes a real difference.
However, certain items, such as ready-to-eat prepared foods, heated foods, and grocery deli items, will still be taxable. To determine which items are exempt from the state sales tax, please visit Oklahoma. gov/tax.html.
While House Bill 1955 cuts the state sales tax, local taxes will still be applied to grocery bills. Local sales tax is the biggest funding source for many municipalities across Oklahoma, especially for rural communities, and funds local police,fire,emergencyservices,road repairs, and more.
I'm proud to be part of the state's most significant single-year tax cut. Every bit helps, and together, we're making a difference for Oklahomans.
Again, thank you for electing me to serve District 49. It is truly an honor and privilege to represent you at the State Capitol. Please do not hesitate to reach out to me with any concerns at 405-557-7383 or josh.cantrell@okhouse.gov.
Rep. Josh Cantrell, a Republican, serves District 49 Oklahoma House of Representatives, which covers Carter, Love and Marshall counties.