Oklahoma HB2195 amends individual income tax rates, effective November 1, 2025.
Oklahoma HB2195 modifies the state's individual income tax rates, effective November 1, 2025. The bill introduces new tax brackets for individuals, with rates ranging from 0.25% to 10%. It also adjusts the tax rates for married individuals filing jointly and separately, as well as for single individuals. The bill specifies that no deduction for federal income taxes paid is allowed. Additionally, it sets out the withholding requirements for payers, mandating the deduction and withholding of tax from payees and the submission of related statements to the Tax Commission.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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