Oklahoma's income tax rate to decrease to 5.25 percent in 2012
A state board approved cutting the state's income tax rate Tuesday after approving healthier tax collection estimates for the upcoming fiscal year.
The action reduces the state's top individual income tax rate from 5.5 percent to 5.25. The lower rate takes effect Jan. 1.
The Board of Equalization, made up of several statewide elected officials, approved revenue estimates prepared by the state Tax Commission t...
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