Governor Fallin Proposes One Time Tax Cut to Legislature - KTUL.com - Tulsa, Oklahoma - News, Weather & Sports

Governor Fallin Proposes One Time Tax Cut to Legislature

Posted: Updated:

OKLAHOMA CITY (AP) - Gov. Mary Fallin will urge lawmakers to consider a 1-time tax cut with no offsetting loss of exemptions or deductions when the Legislature convenes on Feb. 4.

At a forum hosted by The Associated Press on Wednesday, Fallin said she will propose a permanent tax cut that she says will be "responsible" and lead to economic growth that will ultimately offset the lost revenue.

Fallin declined to say how much of a cut she will propose, adding that the details will be outlined in her State of the State address to lawmakers on the opening day of session.

Fallin says her plan will not include automatic triggers to further reduce the income tax rate if certain revenue conditions are met.

Oklahoma's top income tax rate is currently 5.25%.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • NewsMore>>

  • Motorcycle Event To Boost Local Economy

    Motorcycle Event To Boost Local Economy

    Bikers from across the country are making their way into Tulsa for the 37th National Bikers Roundup. This is the first time the event has come to Green Country and it's being held at the Osage Tulsa Raceway Park. Organizers predict the event could generate up to $5 million for our economy.Biker Larry Harris, also known as Wolf Man, is part of the zodiac motorcycle club in kansas city, Missouri. He said the National Bikers Roundup is an event he refuses to miss."This event means we get a chanc...More >>
    Bikers from across the country are making their way into Tulsa for the 37th National Bikers Roundup. This is the first time the event has come to Green Country and it's being held at the Osage Tulsa Raceway Park. Organizers predict the event could generate up to $5 million for our economy.Biker Larry Harris, also known as Wolf Man, is part of the zodiac motorcycle club in kansas city, Missouri. He said the National Bikers Roundup is an event he refuses to miss."This event means we get a chanc...More >>
  • UPDATE: Joe Mixon Held Out Of Football Activities

    UPDATE: Joe Mixon Held Out Of Football Activities

    The freshman running back has not been arrested by the Norman Police Department.More >>
    The freshman running back has not been arrested by the Norman Police Department.
    More >>
  • Walgreens Hopes To Thwart Pill Thieves

    Walgreens Hopes To Thwart Pill Thieves

    The pace behind the counter at any Walgreens pharmacy is quick and speedy, but starting today, when it comes to certain drugs, the brakes are being applied."Walgreens has expanded the use of C-2 time delay safes for our pharmacies across the state of Oklahoma," said Walgreens' Loss Prevention Manager Mike Schaeffer.The safes will contain the drugs that thieves routinely steal from pharmacy after pharmacy."The quickest way for these individuals to get this is to just walk into one of these pha...More >>
    The pace behind the counter at any Walgreens pharmacy is quick and speedy, but starting today, when it comes to certain drugs, the brakes are being applied."Walgreens has expanded the use of C-2 time delay safes for our pharmacies across the state of Oklahoma," said Walgreens' Loss Prevention Manager Mike Schaeffer.The safes will contain the drugs that thieves routinely steal from pharmacy after pharmacy."The quickest way for these individuals to get this is to just walk into one of these pha...More >>

Most Popular

Stories
Videos
loading...
Powered by WorldNow

P.O. Box 8 Tulsa, OK 74101-0008

Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and KTUL. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.