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

OKLAHOMA VOICE: 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.

With Final Senate Passage, Oklahoma Income Tax Elimination Plan Heads to Governor Stitt

The Sooner State will soon be on a path to zero income tax. The Oklahoma Senate has given final passage to legislation (HB 2764) that cuts the income tax rate, reduces the total number of brackets, and uses revenue triggers to set the state on a path to eliminate the income tax over time. The bill now heads to Governor Stitt’s desk.  This massive victory for Oklahoma taxpayers will make the state one of the most competitive tax environments in t…

Oklahoma Legislature Sends Comprehensive Tax Cuts and Modernization Plan to Governor - Oklahoma Farm Report

The Oklahoma Legislature has passed a landmark tax reform measure that reduces the personal income tax and streamlines the state’s tax code. The bill now heads to Governor Kevin Stitt’s desk for final approval. According to the provisions of House Bill 2764, beginning in tax year 2026, there will be a reduction of the top marginal personal income tax rate from 4.75% to 4.5% and it restructures the current six income tax brackets into three on ta…