Oklahoma lawmakers reach deal on personal income tax cuts
The plan calls for cutting Oklahoma’s top personal income tax rate of 5.25 percent down to 4.8 percent next year.
An agreement to cut the state’s top personal income tax rate of 5.25 percent down to 4.8 percent next year was announced Thursday evening by GOP legislative leaders and Gov. Mary Fallin.
The plan, reached after two weeks of intense negotiations, also includes a one-time additional tax cut tied to a revenue growth trigger in the 2015 fiscal year.
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