Income Tax Plan Could Come Next Week
Okla. leaders nearing deal on income tax cut
By SEAN MURPHY, Associated Press
Updated 4:11 pm, Thursday, April 18
OKLAHOMA CITY (AP) — A plan to slash Oklahoma’s top personal income tax rate could be unveiled next week, but state leaders acknowledged Thursday that the deal hinges on agreements between the House, Senate and governor’s office on a workers’ compensation overhaul and an eight-year infrastructure improvement plan.
The income tax cut has been a top priority of Gov. Mary Fallin, while Senate President Pro Tem Brian Bingman has championed workers’ compensation changes and House Speaker T.W. Shannon has pushed for the multi-year plan to prioritize renovations to state buildings and other infrastructure.
None would confirm details about the tax agreement, but Shannon said the three expected to make an announcement Tuesday or Wednesday.