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 other requirements.
Entries Tagged as 'reduction'
">UPDATED with remarks from Speaker Kris Steele: Bingman doubts one-year income tax cut could exceed 75 % of one percentage point
April 12th, 2012 · No Comments · House, Senate
April 3rd, 2012 · 1 Comment · Executive Branch, House, Senate
A House-authored income tax-cut measure was changed in the Senate Finance Committee Tuesday to tie reductions to a revenue-growth trigger targeting only sales and use taxes, motor vehicle taxes and corporate income taxes.
Tags: accountability·Brian Bingman·Clark Jolley·cost/benefit·HB 2621·HB 2978·HB 3038·HB 3061·income tax·Jim Wilson·Kris Steele·Leslie Osborn·Marie Price·Mary Fallin·Mike Mazzei·reduction·Steve Russell·tax credits·transferability·transparency·trigger
March 30th, 2012 · No Comments · House, Senate
Although House members swiftly tabled a measure outlining a code of conduct and ethics rules for their chamber earlier this week, House Speaker Kris Steele, R-Shawnee, says such a procedure is needed.
Tags: bonuses·David Dank·drug testing·ethics rules·firearms·Gary Banz·HB 2388·HB 2522·HB2381·income tax·Kris Steele·Marie Price·National Board certification·open carry·reduction·RU-486·SB 1879·tax credits·Temporary Assistance for Needy Families
March 26th, 2012 · No Comments · House, Senate
A measure by Sen. Clark Jolley, R-Edmond, that would eliminate the Oklahoma personal income tax by 2022 passed out of the House Revenue and Taxation Subcommittee Monday, clearing another hurdle as it and other income tax-cut bills are moved along through the process. An income tax reduction is one component of a three-legged stool that [...]
Tags: Clark Jolley·David Dank·delinquen sales taxes·district attorney·franchise tax·gross household income·homestead exemption·income tax·Leslie Osborn·Marie Price·Mark McCullough·Mary Fallin·Mike Brown·Mike Jackson·Mike Reynolds·Oklahoma Tax Commission·reduction·SB 1036·SB 1436·SB 1571·SB 1596·Tony Mastin