SB 1571 - Repeals State Income Tax - Oklahoma Key Vote
Timeline
- Referred to Committee
- March 19, 2012
- Senate Bill Passed
- March 12, 2012
- Introduced
- Feb. 6, 2012
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Stage Details
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Title: Repeals State Income Tax
Vote Smart's Synopsis:
Vote to pass a bill that reduces and eventually repeals the state income tax.
Highlights:
- Reduces the tax imposed upon the Oklahoma taxable income of every resident or nonresident individual from 5.25 percent to 2.5 percent, effective January 1, 2013, and by 0.25 percent each year until 2022 (Sec. 2).
- Repeals the state income tax after the year 2022 (Sec. 2).
Title: Repeals State Income Tax