SB292

Income tax; modifying certain income tax rate for certain tax years. Effective date.

Introduced·2/3/25
Int Text

Oklahoma SB292 modifies income tax rates and withholding requirements for certain tax years.

Oklahoma SB292 amends the Oklahoma Income Tax Act to modify certain income tax rates for individuals and corporations for specific tax years. It sets new tax rates for individuals filing jointly, surviving spouses, and heads of households. The bill also adjusts the withholding requirement for certain tax years and updates statutory references. The changes will take effect on November 1, 2025.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Revenue and Taxation Committee
Next
Committee decision

Sponsors

0
1
R
Democratic CaucusRepublican Caucus

History

Feb 4, 2025

Senate

Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee

Feb 3, 2025

Senate

First Reading

Feb 3, 2025

Senate

Authored by Senator Pugh