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All Posts Tagged Tag: ‘income tax cut’

Fent: Income tax-cut measure a ‘pure revenue bill’ (access required)

By Marie Price A Senate measure approved this year by the Oklahoma Legislature was “strictly a pure revenue bill” and was therefore required to pass by three-fourths majorities in the state House and Senate or be put to a vote of the people, attorney Jerry Fent argued to an Oklahoma Supreme Court referee Tuesday.

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Supreme Court referee to hear arguments in Fent challenge to income tax-cut bill (access required)

By Marie Price Attorney Jerry Fent’s latest challenge to a legislative action—last session’s income tax-reduction measure—will be heard Tuesday by a referee of the Oklahoma Supreme Court.

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Session ends with school storm shelter measure coming full circle, with ultimate defeat in state Senate (access required)

Most of the legislative actions that transpired during the final whirlwind of activity this week were expected or at least not major surprises.

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BREAKING: Fent files constitutional challenge to income tax-cut measure (access required)

Oklahoma City attorney Jerry Fent, who has successfully challenged several legislative actions in the past, filed a lawsuit Thursday morning challenging the constitutionality of SB 1246, the income tax-reduction measure. Fent’s arguments: The measure was a Senate bill, and state law requires revenue measures to start in the House. As a revenue bill, SB 1246 was required to draw a …

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Miller to Oklahoma: Learn from Kansas mistakes (access required)

Some of Oklahoma’s key fiscal factors are similar to those of Kansas, whose bond rating was recently downgraded, State Treasurer Ken Miller said Monday, adding that what happened to Kansas should serve as a cautionary tale for Oklahoma.

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Capitol week in review (April 21-25) (access required)

In many ways this deadline week was an odd one at 23rd and Lincoln—one that saw the probable demise (for this year) of several issues that have taken up a lot of lawmakers’ time both on and off the floor—as session moves into its final weeks and initial committee work begins on the state budget.

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House sends Senate income tax-reduction measure to governor’s desk (access required)

By a vote of 54-40, the state House sent to Gov. Mary Fallin Wednesday the Senate version of a leadership plan to reduce the state personal income tax beginning in FY 2016. With final passage of the measure, which was hotly debated, lawmakers have cleared a key hurdle on the way toward resolution of the state budget and adjournment of …

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BREAKING: Income tax-cut measure on way to governor (access required)

Shortly after noon Wednesday, by a vote of 54-40, the House sent SB 1246, the Senate’s income tax plan, to Gov. Mary Fallin for her signature. With revenue triggers required at each step, the measure calls for reducing the top marginal income tax rate from 5.25 percent to 5 percent, then to 4.85 percent. According to data from the Oklahoma …

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Senate approves House version of income tax cut; Senate’s plan pending in House (access required)

The vote was not unanimous—it was 29-19—but HB 2508, the House’s proposal for an income tax reduction, made it out of the Senate Tuesday with two days left before a crucial legislative deadline.

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House income tax cut proposal gains Senate committee approval (access required)

With one dissenting voice in debate, a House measure that would reduce the top marginal personal income tax rate from 5.25 percent to 5 percent was approved Tuesday by the Senate Finance Committee and now heads to the full chamber.

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