Tag Archives: cut

Modified income tax cut proposal passes Senate (access required)

Perhaps illustrating the reality check that some state leaders have acknowledged when it comes to support for a major income tax cut this session, a tax-reduction measure came out of the Senate Tuesday substantially changed. Under Sen. Clark Jolley’s floor ...

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UPDATED with remarks from Speaker Kris Steele: Bingman doubts one-year income tax cut could exceed 75 % of one percentage point (access required)

Senate President Pro Tempore Brian Bingman said Thursday it would be difficult to reduce Oklahoma’s top personal income tax rate by more than 75 percent of a percentage point in one year, given the need to balance the state budget and ...

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Breaking: Fallin to propose across-the-board personal income tax cut, reducing brackets, eliminating credits, loopholes (access required)

Gov. Mary Fallin said Thursday that her agenda for FY 2013 will include an across-the-board reduction in Oklahoma’s personal income tax that will affect most state taxpayers. “It will give us one of the lowest rates in the nation,”  Fallin said ...

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