Oklahoma Income Tax Cut Bill Clears First Hurdle, Sets Stage for Future Reductions

Oklahoma House Passes Income Tax Phaseout, Next Stop: Senate - Americans for Tax Reform

On May 21, 2025, the Oklahoma House of Representatives overwhelmingly voted to pass House Bill 2764, which would reduce the top income tax rate from 4.75 to 4.5 percent, starting in 2026, and set the state on an automated path to eliminate the income tax. The bill also reduces the number of tax brackets from six to four.   The bill triggers further reductions to income tax rates if the state revenue exceeds a specified revenue benchmark, in line…

Oklahoma income tax cut bill clears first hurdle, sets stage for future reductions

OKLAHOMA CITY – The Oklahoma House on Tuesday advanced a measure to lower the state’s income tax despite concerns it would have little impact on residents.

Oklahoma income tax cut bill clears first hurdle, sets stage for future reductions • Oklahoma Voice

House Speaker Kyle Hilbert, R-Bristow, speaks at an announcement of a budget deal for the 2026 fiscal year on May 14, 2025. House budget chair Rep. Trey Caldwell, R-Faxon, stands to his right. (Photo by Emma Murphy/Oklahoma Voice)OKLAHOMA CITY – The Oklahoma House on Tuesday advanced a measure to lower the state’s income tax despite concerns it would have little impact on residents. House Bill 2764 creates a process for ultimately eliminating th…

Policy Matters: We know what works. Lawmakers are cutting taxes instead.

Every session, Oklahoma lawmakers say the budget is too tight to spend money on services that help everyday residents. The post Policy Matters: We know what works. Lawmakers are cutting taxes instead. first appeared on The Journal Record.

In The Know: Oklahoma’s ill-timed income tax cut bill heads to the Senate | SB 1027 is a direct attack on Oklahomans’ rights | Patients, OB-GYNs, other experts warn: Oklahoma hospitals could lose vital services with Medicaid cuts - Oklahoma Policy Institu

In The Know is your daily briefing on Oklahoma policy-related news. OK Policy encourages the support of Oklahoma’s state and local media, which are vital to an informed citizenry. Inclusion of a story does not necessarily mean endorsement by the Oklahoma Policy Institute. Some stories included here are behind paywall or require subscription. Subscribe to In The Know and see past editions. Oklahoma News Federal judge temporarily blocks Oklahoma i…

Oklahoma income tax cut bill clears first hurdle, sets stage for future reductions - Sequoyah County Times

OKLAHOMA CITY – The Oklahoma House on Tuesday advanced a measure to lower the state’s income tax despite concerns it would have little impact on residents. House Bill 2764 creates a process for ultimately eliminating the state’s income tax when revenues hit certain triggers. The measure would initially reduce the state’s top income tax to 4.5% from 4.75%. It would also collapse the six income tax brackets into three. Rep. Mark...