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Key Votes

HB 2032 - Reduces Certain Income Tax Rates - Key Vote

Oklahoma Key Votes

Mary Fallin signed this Legislation.

Read statements Mary Fallin made in this general time period.

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Issues

Stage Details

Legislation - Signed (Executive) -

Title: Reduces Certain Income Tax Rates

Legislation - Concurrence Vote Passed (House) (59-35) - (Key vote)

Title: Reduces Certain Income Tax Rates

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that reduces the state income tax rate for certain brackets.

Note:

NOTE: A BILL WITH AN EMERGENCY CLAUSE REQUIRES A SEPARATE TWO-THIRDS VOTE OF THE LEGISLATURE FOR THE CLAUSE TO PASS. IF THE CLAUSE IS PASSED, THE BILL GOES INTO EFFECT IMMEDIATELY UPON THE GOVERNOR'S SIGNATURE.

Legislation - Bill Passed With Amendment (Senate) (32-14) - (Key vote)

Title: Reduces Certain Income Tax Rates

Vote Smart's Synopsis:

Vote to pass a bill that reduces the state income tax rate for certain brackets.

Note:

NOTE: A BILL WITH AN EMERGENCY CLAUSE REQUIRES A SEPARATE TWO-THIRDS VOTE OF THE LEGISLATURE FOR THE CLAUSE TO PASS. IF THE CLAUSE IS PASSED, THE BILL GOES INTO EFFECT IMMEDIATELY UPON THE GOVERNOR'S SIGNATURE.

Legislation - Bill Passed (House) (65-30) - (Key vote)

Title: Reduces Certain Income Tax Rates

Vote Smart's Synopsis:

Vote to pass a bill that reduces the state income tax rate for certain brackets.

Highlights:
  • Amends the state income tax rates for single individuals and married individuals filing separately for all tax years beginning January 1, 2014 as follows (Sec. 1):
    • Current state income tax rates:
      • 0.5 percent on the first $1,000 of income;
      • 1 percent on the next $1,500 of income;
      • 2 percent on the next $1,250 of income;
      • 3 percent on the next $1,150 of income;
      • 4 percent on the next $2,300 of income;
      • 5 percent on the next $1,500 of income; and
      • 5.24 percent on all remaining income.
    • New state income tax rates:
      • 0.5 percent on the first $1,000 of income;
      • 1 percent on the next $1,500 of income;
      • 2 percent on the next $1,250 of income;
      • 3 percent on the next $1,150 of income;
      • 4 percent on the next $2,300 of income; and
      • 5 percent on all remaining income.
  • Amends the state income tax rates for married individuals filing jointly for all tax years beginning January 1, 2014 as follows (Sec. 1):
    • Current state income tax rates:
      • 0.5 percent on the first $2,000 of income;
      • 1 percent on the next $3,000 of income;
      • 2 percent on the next $2,500 of income;
      • 3 percent on the next $2,300 of income;
      • 4 percent on the next $2,400 of income;
      • 5 percent on the next $2,800 of income; and
      • 5.25 percent on all remaining income.
    • New state income tax rates:
      • 0.5 percent on the first $2,000 of income;
      • 1 percent on the next $3,000 of income;
      • 2 percent on the next $2,500 of income;
      • 3 percent on the next $2,300 of income;
      • 4 percent on the next $2,400 of income; and
      • 5 percent on all remaining income.
Legislation - Introduced (House) -

Title: Reduces Certain Income Tax Rates

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