Articles
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Budget & Tax
Oklahoma revenues rose as tax rate fell
Growing the size of government is never the goal of tax cuts, of course. But the deficits predicted by tax cut opponents have not materialized.Curtis Shelton | February 29, 2024
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Budget & Tax
With grocery-tax reduction signed into law, focus turns to income tax
Within minutes of Gov. Kevin Stitt signing into law repeal of the state portion of the state-local sales tax on groceries, he and House Speaker Charles McCall sent a message: There’s still more work to do on taxes.Ray Carter | February 27, 2024
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Budget & Tax
Oklahoma House continues to focus on income-tax repeal
For the second time in two weeks, members of a state House committee have advanced legislation to gradually eliminate Oklahoma’s personal income tax.Ray Carter | February 26, 2024
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Budget & Tax
Legislation would put Oklahoma taxpayers at risk
Proposed legislation would undo Oklahoma’s historic pension progress and put taxpayers at risk.Curtis Shelton | February 23, 2024
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Budget & Tax, Law & Principles
OCPA praises House action on income taxes
OCPA President Jonathan Small issued the following statement following passage by the House Rules Committee of HB 2949, which would provide income tax relief for working Oklahomans.Staff | February 22, 2024
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Budget & Tax, Law & Principles
Oklahoma House committee advances pro-growth tax cuts
Members of an Oklahoma House committee overwhelmingly approved a significant income-tax cut paired with a new tax on wind energy and voted to put the income tax on the path to full repeal.Ray Carter | February 22, 2024
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Budget & Tax
Senate Republicans: No income-tax cuts this year
Senate Republican lawmakers will not vote to cut Oklahoman’s income-tax rates this year even though the state has more than half a billion dollars in growth revenue, the chamber’s leader announced Wednesday.Ray Carter | February 21, 2024
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Budget & Tax, Economy
With Oklahoma top 10 in GDP growth, Stitt says tax cuts can keep it going
Oklahoma’s state gross domestic product (GDP) growth is stronger than all but eight states, according to recent data. Some policymakers welcome that news and want to keep the trend going. Gov. Kevin Stitt says tax cuts—specifically, putting the state’s personal income tax on the path to full repeal—is the best way to achieve that goal.Ray Carter | February 19, 2024
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Budget & Tax
Calls for tax cuts increase after revenue growth
After the State Board of Equalization approved the final revenue certification that determines how much money is available to lawmakers during the 2024 legislative session, Governor Stitt noted that tax cuts can be easily passed under these financial conditions.Ray Carter | February 15, 2024
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Budget & Tax
Revenue certification clears path for personal income-tax cuts
OCPA President Jonathan Small said the final revenue-certification by the state Board of Equalization, which determines how much money is available for legislators to appropriate this year, shows Oklahoma state government can easily provide tax cuts.Staff | February 15, 2024