Two bills advance to cut Oklahoma’s income tax

Oklahoma House Bill 1598 would reduce Oklahoma’s top personal income tax rate from 5.25 percent to 4.99 percent, and House Bill 2032 would drop it to 5 percent. In a vote Monday along party lines, a committee of the Republican-controlled House of Representatives passed both measures.

BY MICHAEL MCNUTT Published: February 26, 2013
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Two bills that call for cutting Oklahoma’s top personal income tax rate won easy approval Monday evening in a legislative committee.

The House of Representatives Appropriations and Budget Committee voted 17-5 to pass House Bill 1598, which would drop the top personal income tax rate from 5.25 percent to 4.99 percent.

Committee Chairman...

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