Oklahoma State Senate To Consider Bill Preventing A Future Tax Cut

NewsOK.com RSS - news >> politics >> !The Oklahoman, Daily Oklahoman: Politics
Thu, 02/23/2017 - 9:20pm

By Dale Denwalt Capitol Bureau ddenwalt@oklahoman.comA bill that could prevent a future tax cut has made it to the Oklahoma Senate floor for consideration. Senate Bill 170 would effectively stop another income tax cut from automatically going into effect. The income tax is now at 5 percent, but if state revenue increases by about $100 million, the income tax rate would be automatically lowered to 4.85 percent. “Right now we certainly have more outstanding obligations than we have money.Read more on NewsOK.com

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