Okla. Income Tax Cut Set For 2015 - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

Okla. Income Tax Cut Set For 2015

By SEAN MURPHY
Associated Press

OKLAHOMA CITY (AP) - Two Republicans with knowledge of Oklahoma budget negotiations say Gov. Mary Fallin and legislative leaders have reached a deal to cut the state's top personal income tax rate from 5.25% to 5% in 2015.

Fallin and House and Senate leaders scheduled an announcement Tuesday to discuss the tax cut, along with plans to overhaul the state workers' compensation system.

Two Republicans close to the discussions told AP the tax cut will include a drop in the top income tax rate from 5.25% to 5%, starting in 2015. Both spoke on condition of anonymity because they were not authorized to disclose the plan ahead of the announcement.

Under the plan, a second cut to 4.85% would take effect in 2016 if certain revenue triggers are met.

Copyright 2013 The Associated Press. All rights reserved. This

  • Local NewsNewsMore>>

  • Trump lashes out at leaks, considers staff upheaval

    Trump lashes out at leaks, considers staff upheaval

    Monday, May 29 2017 5:18 AM EDT2017-05-29 09:18:51 GMT
    Monday, May 29 2017 5:18 AM EDT2017-05-29 09:18:51 GMT

    Frustrated with what he views as his team's inability to push back against the drumbeat of new revelations, Trump is seeking expanded teams of lawyers and experienced public relations hands.

    Frustrated with what he views as his team's inability to push back against the drumbeat of new revelations, Trump is seeking expanded teams of lawyers and experienced public relations hands.

  • First Alert Forecast

    First Alert Forecast

    Monday, May 29 2017 5:04 AM EDT2017-05-29 09:04:45 GMT
    Source KSWOSource KSWO

    Sunny for Memorial Day

    Sunny for Memorial Day

  • To many Americans, Memorial Day has lost its meaning

    To many Americans, Memorial Day has lost its meaning

    Monday, May 29 2017 4:29 AM EDT2017-05-29 08:29:02 GMT
    Monday, May 29 2017 4:29 AM EDT2017-05-29 08:29:02 GMT

    While millions of Americans celebrate the long Memorial Day weekend as the unofficial start of summer, some veterans and loved ones of fallen military members wish the holiday would command more respect.

    While millions of Americans celebrate the long Memorial Day weekend as the unofficial start of summer, some veterans and loved ones of fallen military members wish the holiday would command more respect.

Powered by Frankly