Key Votes
HB 3061 - Reduces Income Tax Rates - Key Vote
Oklahoma Key Votes
Jim Halligan voted Yea (Passage With Amendment) on this legislation.
Read recent statements Jim Halligan made in this general time period.
Stages
- May 2, 2012 House Nonconcurrence Vote Passed
- April 25, 2012 Senate Bill Passed
- March 14, 2012 House Bill Passed
- Feb. 6, 2012 Introduced
Family
Issues
Stage Details
Legislation - Nonconcurrence Vote Passed (House) - May 2, 2012
Legislation - Bill Passed (Senate) (30-16) - April 25, 2012 (Key vote)
Title: Reduces Income Tax Rates
Vote to pass a bill that reduces income tax rates for certain individuals, effective January 1, 2013.
- Establishes the following income tax rate for single persons in taxable years beginning with January 1, 2013, and ending on December 31, 2014 (Sec. 2):
- 0 percent on taxable income not greater than $15,000;
- 2.25 percent on all taxable income equal to $15,000;
- 2.25 percent on all taxable income greater than $15,000, but less than $35,000
- 3.5 percent on all taxable income equal to $35,000; and
- 3.5 percent on all taxable income in excess of $35,000.
- Establishes the following income tax rates for married persons filing joint returns, head of household, and surviving spouse in taxable years beginning with January 1, 2013, and ending on December 31, 2014 (Sec. 2):
- 0 percent on taxable income not in excess of $30,000;
- 2.25 percent on taxable income equal to $30,000;
- 2.25 percent on taxable income greater than $30,000, but less than $70,000;
- 3.5 percent on taxable income equal to $70,000; and
- 3.5 percent on taxable income in excess of $70,000.
- Establishes the following income tax rates for married persons filing separate returns in taxable years beginning with January 1, 2013, and ending on December 31, 2014 (Sec. 2):
- 0 percent on taxable income not in excess of $15,000;
- 2.25 percent on taxable income equal to $15,000;
- 2.25 percent on taxable income greater than $15,000, but less than $35,000;
- 3.5 percent on taxable income equal to $35,000; and
- 3.5 percent on taxable income in excess of $35,000.
- Authorizes a decrease of .25 in each individual income tax rate if the growth in state revenue is greater than or equal to 5 percent, beginning on or after January 1, 2015 (Sec. 2).
- Authorizes the incremental reduction for any tax rate, contingent upon the state's revenue growth, until the 3.5 percent tax rate equals 0 (Sec. 2).
- Prohibits the state from imposing income taxes on taxable incomes once the individual tax rates of 3.5 and 2.25 percent have been reduced to 0 (Sec. 2).
Legislation - Bill Passed (House) (61-32) - March 14, 2012
Legislation - Introduced (House) - Feb. 6, 2012
Title: Reduces Income Tax Rates
Sponsors
- Brian Bingman (OK - R)
- Kris Steele (OK - R) (Out Of Office)
