Gov. Stitt signs Oklahoma personal income tax cut into law
An income tax cut that sets Oklahoma's personal income tax on a path to zero has officially been signed into law by Gov. Kevin Stitt.
An income tax cut that sets Oklahoma's personal income tax on a path to zero has officially been signed into law by Gov. Kevin Stitt.
A plan to cut Oklahoma's personal income tax and set it on a path to zero is on the cusp of being signed into state law.
A member of the Oklahoma House of Representatives filed a bill to gradually reduce Oklahoma's personal and corporate income taxes until they are fully eliminated by 2035.
Three tax bills written by Speaker Charles McCall, including bills to gradually eliminate the state's corporate income tax and personal income tax, succeeded in the Oklahoma House of Representatives this week.
State Chamber of Oklahoma officials announced their agenda for the upcoming legislative session, giving their support to a range of bills that include economic development, income tax reform and growing the state's workforce through childcare reform and new educational pathways.
Oklahoma House of Representatives Speaker Charles McCall has put forth several tax cut bills, many of which are focused on reducing personal income tax.
Oklahoma continues to languish in the bottom half of the State Business Tax Climate Index's individual income tax competitiveness rankings.