Tax Cut

Joe Wertz / StateImpact Oklahoma

The State of Oklahoma has enough revenue to trigger an income tax cut, finance officials said Wednesday.

As StateImpact’s Joe Wertz reports, the amount of money available to fund state government is trending flat, but officials say lackluster revenues seem manageable.

About 1.7 million Oklahoma taxpayers pay the top income tax rate, which will drop a quarter point — from 5.25% to 5% — in 2016.

KOSU's Michael Cross talks with Republican Poltical Consultant Neva Hill and ACLU Oklahoma Executive Director Ryan Kiesel about the constitutional challenge of a bill to cut Oklahoma's income tax and a delay in executions.

Becky McCray / Flickr


From the start of the legislative session on February 3rd, StateImpact Oklahoma had its eye on what was sure to be a heated issue: the coming expiration of a tax credit for horizontally drilled oil and gas wells. Without action, rates would go from one-percent for the first four years of a well’s life, back to 7 percent.

Joe Wertz / StateImpact Oklahoma

Gov. Mary Fallin on Wednesday signed a bill that makes permanent a generous tax incentive for new oil and gas drilling.

  In This Week in Oklahoma Politics, KOSU's Michael Cross talks to Republican Political Consultant Neva Hill and ACLU Oklahoma Executive Director Ryan Kiesel about a $13M supplemental budget bill under consideration in the State Capitol, the State Treasurer levels warning after Kansas bond rating drops, budget talks appear stalled with just three weeks left in the session and House Speaker Jeff Hickman gets elected to a full two year term.

This Week in Oklahoma Politics Republican Political Consultant Neva Hill and former Democratic lawmaker Sid Hudson talk about the testing outage which sent the State Department of Education into damage control more, the Governor is getting her long awaited tax cut bill, a bond issue for Capitol repairs goes down in flames in the State House and the Senate advances a measure to give more money to education.