SB327

Income tax; modifying marginal income tax brackets for certain tax years. Effective date.

Introduced·2/3/25
Int Text

Oklahoma SB327 modifies income tax brackets and rates for various tax years and entities.

Oklahoma SB327 amends the state's income tax brackets and rates for different tax years and entities. It adjusts the tax rates for single individuals, married individuals filing separately, married individuals filing jointly, and heads of households. The bill also modifies the tax rates for foreign corporations and fiduciaries. The changes include specific percentages for different income brackets and taxable years, with an effective date of 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

D
1
0
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 Kirt