Tax Cut Headed to House
State Senate passes income tax cut
BY BARBARA HOBEROCK World Capitol Bureau
Tuesday, March 12, 2013
OKLAHOMA CITY – The Oklahoma Senate on Monday passed a measure to reduce the state’s income tax rate.
Senate Bill 585, by Sen. Mike Mazzei, R-Tulsa, passed by a vote of 33-13 and heads to the House for consideration.
The measure would reduce the income tax rate to 4.75 from 5.25 percent. Gov. Mary Fallin has called for reducing it to 5 percent.
“Our goals are to lower the rate for income taxes for all hard-working Oklahomans, also to increase economic activity and job growth and to also responsibly fund core services like education,” Mazzei said.