In a report backed by 14 of its 20 members, the Task Force on Comprehensive Tax Reform released its final report Friday afternoon, recommending that the personal income tax be reduced from 5.25 percent to 4.75 percent over two years, the corporate income tax rate be cut from 6 percent to 5 percent ($60 million) [...]
Entries from December 30th, 2011
">Task force releases final report, recommends cutting personal income tax to 4.75 percent, eliminating up to $352.9 million in income tax preferences, abolishing business activity tax, cutting corporate income tax to 5 percent
December 30th, 2011 · No Comments · Uncategorized
Tags: corporate income tax·David Blatt·David Dank·income tax·Marie Price·Mary Fallin·Mike Mazzei·Oklahoma Policy Institute·Rick Brinkley·sales tax·Sean Burrage·task force·tax credits·tax preference·tax reform
">Well Happy New Year: Task force releases final report, recommends cutting personal income tax to 4.75 percent over two years, eliminating up to $352.9 million in income tax preferences, abolishing business activity tax, cutting corporate income tax to 5 percent…(More to come)
December 30th, 2011 · No Comments · Executive Branch, House, Senate
Tags: corporate tax·franchise tax·income tax·Marie Price·reform·report·task force·taxes
">Court applies “relation back” doctrine to troubling Governmental Tort Claims Act case involving “secret” oral road-maintenance agreement between two counties
December 30th, 2011 · No Comments · Courts
A man who was severely injured in a July 26, 2003 accident when his motorcycle hit a buckled portion of county-line roadway lost twice in the lower court, but has won a victory before the Oklahoma Supreme Court, which criticized Caddo and Comanche counties for having a “secret” oral agreement under which Caddo County would [...]
Tags: accident·Caddo County·Comanche County·Governmental Tort Claims Act·Marie Price·Oklahoma Supreme Court·Paul McWilliams·relation back·Steven Taylor·Tom Colbert
">Flags ordered lowered to honor late Langston University president Holloway
December 30th, 2011 · No Comments · Executive Branch
Gov. Mary Fallin has ordered flags on state property lowered to half-staff today to honor former Langston University President Ernest Holloway, 81, who died on Christmas Eve. “Dr. Ernest Holloway was a talented and committed educator who provided steady leadership for Langston University as the longest-serving president in the school’s history,” the governor said in [...]
Tags: Ernest Holloway·funeral·Langston University·Mary Fallin