Oklahoma income tax cut talks continue in Legislature

Gov. Mary Fallin says she received a good response after talking with Oklahoma House Republicans during their closed caucus meeting.
BY MICHAEL MCNUTT mmcnutt@opubco.com Published: April 16, 2013

Gov. Mary Fallin said Monday she feels heartened after talking with the House Republican caucus about the prospects of getting an income-tax cut proposal this year.

“I think we've got a great opportunity to get a tax reform package to my desk to lower taxes in our state,” Fallin said after meeting with House Republicans in their closed caucus meeting.

House Speaker T.W. Shannon, R-Lawton, said afterward that discussions are ongoing about the size of the cut and when such a cut would take effect.

“My main goal is to get as much reduction for the people of Oklahoma as possible,” he said. “If I can get more of a reduction by delaying it one year, I'm open for it.”

Fallin and Shannon proposed a simple reduction of the top personal income tax rate from 5.25 percent to 5 percent, effective Jan. 1.

Senate Republicans rewrote the proposal, contained in House Bill 2032; it now calls for reducing the top personal income tax rate to 4.95 percent, taking effect in 2015.

It also ends the practice of five popular economic tax credits being sold to others who need to reduce their income tax liability to the state.

Trending Now


  1. 1
    Report: Caron Butler close to two-year deal with Detroit Pistons
  2. 2
    It’s harder to be a poor student in the U.S. than in Russia
  3. 3
    Man fatally stabbed in west Tulsa early Sunday
  4. 4
    How brain imaging can be used to predict the stock market
  5. 5
    Bridenstine tours Fort Sill, satisfied with facility's transparency
+ show more