Oklahoma Gov. Kevin Stitt delivered his annual State of the State address ahead of the start of the new legislative session, emphasizing the need for income tax cuts, business development and making students more career-ready.
The Oklahoma Legislature went into special session on Monday, but the Senate quickly adjourned, a move that Senate President Tempore Greg Treat announced last week and which Gov. Kevin Stitt blasted.
Gov. Kevin Stitt issued an executive order for the Oklahoma Legislature to go into special session and cut taxes, but two legislative leaders referred to the governor's action as a stunt.
Oklahoma House of Representatives Speaker Charles McCall has put forth several tax cut bills, many of which are focused on reducing personal income tax.
Declining oil and gas production revenues caused Oklahoma's gross receipts to slightly fall in the month of November, according to Oklahoma State Treasurer Todd Russ.
Oklahoma's 12-month gross receipt collection for October came in slightly below the previous year's revenue, marking the first time in over two years that receipts to the Treasury fell below the prior year’s 12-month revenue.
Oklahoma rose significantly in the Tax Foundation's State Business Tax Climate Index thanks to tax reform efforts.
If Oklahoma legislators can put another win on the board by simplifying and cutting the income tax, they will fortify Oklahoma’s competitive position as we seek to become among the most competitive business states in the nation.
Gov. Kevin Stitt's hopes for an income tax cut and a "tax fairness" measure were stalled Tuesday when the Oklahoma Senate adjourned its special session sine die. Senate Pro Tempore Greg Treat criticized Stitt for not showing up before the Senate to defend his tax measures.
Democrats in the Oklahoma House of Representatives filed three tax relief bills for a special legislative session that begins at the State Capitol on Tuesday.
