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Entries Tagged as 'reduction'

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

April 12th, 2012 · No Comments · House, Senate

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.

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(access required)">House income tax-reduction bill modified by Senate panel to include revenue trigger (access required)

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.

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(access required)">Capitol week in review … (March 26-30) (access required)

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.

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(access required)">Jolley income tax-elimination bill clears House subcommittee (access required)

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 [...]

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