OKLAHOMA CITY (January 31, 2024)—Oklahoma Council of Public Affairs President Jonathan Small today praised members of the Oklahoma House of Representatives for voting to cut Oklahoma’s top personal income tax rate to 4.5 percent.

“Oklahoma's working families are struggling under the burden created by historic rates of inflation caused by Biden administration policies,” Small said. “Providing permanent tax relief to working families and small businesses is one important way to partially offset the damage, and it also expands jobs and opportunity in Oklahoma.”

House Bill 1002XXX would cut Oklahoma’s top personal income tax rate from 4.75 percent to 4.5 percent. As written, the bill would take effect retroactively on Jan. 1, 2023, meaning the benefit would immediately accrue to Oklahomans filing their 2023 returns by April 15 of this year.

HB 1002XXX passed the Oklahoma House of Representatives on a 71-20 vote. It now awaits a vote in the Oklahoma Senate.