Oklahoma SCR11 expresses intent to reduce individual income tax rate by 0.25% point.
Oklahoma SCR11 expresses the legislative intent to reduce the individual income tax rate by 0.25% point during the 1st Regular Session of the 60th Oklahoma Legislature. The resolution highlights the state's fiscal responsibility in reducing the tax rate from 7.0% to 4.75% over the years, and the concurrent growth in state revenues. It emphasizes the need to return excess revenue to taxpayers, especially given economic uncertainties and inflation.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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