Fallin to propose one-time tax cut to Legislature - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

Fallin to propose one-time tax cut to Legislature

Posted: Updated:

OKLAHOMA CITY (AP) _ Gov. Mary Fallin will urge lawmakers to consider a one-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 percent.

  • Local NewsLocal News

  • Tuesday, May 21 2013 11:52 PM EDT2013-05-22 03:52:14 GMT
    LAWTON,Okla_Inattentive driving is being blamed for a two vehicle crash in Lawton Tuesday morning that sent two  people to the hospital. It happened at the intersection of Bore Blvd and 4th Street around
    Inattentive driving is being blamed for a two vehicle crash in Lawton Tuesday morning that sent two  people to the hospital. 
  • Tuesday, May 21 2013 11:36 PM EDT2013-05-22 03:36:30 GMT
    COMANCHE COUNTY, Okla_The search is almost over for victims and survivors of the Moore tornado, and officials say they are almost certain there are no more. The death toll now stands at 24, and more
    COMANCHE COUNTY, Okla_The search is almost over for victims and survivors of the Moore tornado, and officials say they are almost certain there are no more. The death toll now stands at 24, and more
  • Tuesday, May 21 2013 10:53 PM EDT2013-05-22 02:53:08 GMT
    LAWTON,Okla_The Lawton Salvation Army is doing their part to help tornado victims. Their disaster kitchen crew is in Moore providing food and drinks to those in need.  They loaded a truck full of snacks
    The Lawton Salvation Army is doing their part to help tornado victims. Their disaster kitchen crew is in Moore providing food and drinks to those in need. 
Powered by WorldNow
All content © Copyright 2000 - 2013 WorldNow and KSWO. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.