Oklahoma is finally eliminating its 4.5% state tax on groceries, an initiative that took two years to achieve. State lawmakers estimate the tax cut will save each family an average of $648 per year. However, other estimates range from savings of $125 a year for a family earning $40,000 to high-earning households saving an average of $408 per year.
Gov. Kevin Stitt who signed House Bill 1955 into law earlier this year, expressed pride in the bipartisan effort. "Oklahomans have waited for this day for years, and I'm proud to be the Governor that Oklahomans chose to eliminate the state portion of the grocery tax."
