Share “Oklahoma Gov. Mary Fallin signs bill to...”

Oklahoma Gov. Mary Fallin signs bill to slash income tax rate in 2015

Oklahoman Published: May 13, 2013
Advertisement

OKLAHOMA CITY (AP) — Gov. Mary Fallin has signed a bill to cut Oklahoma's top income tax rate to 5 percent in 2015 and provide $120 million for improvements to the state Capitol.

The income tax cut signed into law by Fallin Monday provides her with a political victory more than two years in the making for the first-term Republican governor.

The bill reduces the state's top income rate that most Oklahomans pay from 5.25 percent to 5 percent beginning Jan. 1, 2015, with a second cut to 4.85 percent set for 2016 if state revenues continue to rise. The drop to 5 percent is expected to cost the state about $136 million annually.

Fallin has pushed for a tax cut since she was elected in 2010.

———

Online:

HB 2032: http://bit.ly/12r3SKc


AROUND THE WEB

  1. 1
    Multicounty grand jury seeks ouster of Rogers County commissioner
  2. 2
    Game warden won't be charged in April Adair County shooting
  3. 3
    Report: Pakistan on track to have world's 3rd largest nuclear arsenal
  4. 4
    Yellowstone visitor requests better trained bears
  5. 5
    Gym teacher charged with sexual battery bound for district court arraignment
+ show more

FEATURED JOBS



× Trending politics Article