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Oklahoma’s finances are doing better than expected, as state revenues this year exceed estimates and state savings accounts swell thanks to hefty deposits.
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After long delays in considering any tax cut measures, the Senate passed an elimination of the state portion of the sales tax on Groceries. Next on the menu for the House is an income tax cut, but Senate leadership has no appetite for cutting more revenue streams.
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Legislative leaders remain at an impasse on approving tax cuts after the latest certification of the state budget Thursday.
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Gov. Kevin Stitt wants to slash Oklahomans’ income taxes and he wants to see which state lawmakers agree with him.
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Alicia Stroble requested a state income tax exemption. When it was denied, she took her case to court.
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It costs taxpayers tens of thousands of dollars a day to operate a special session, including the one that began Tuesday morning. The special session was called by Gov. Kevin Stitt to cut taxes.
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Stitt spoke at the chamber's annual State of the State event. He promoted school vouchers, praised cutting taxes and blasted tribal sovereignty.
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Oklahoma State Treasurer Randy McDaniel is urging caution despite a record month for revenue collections in the state.
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Households that did not make enough to have to file taxes must claim the child tax credit included in the American Rescue Plan.
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"A Better Path Forward," a new report from OK Policy, proposes a number of tax and budget reforms aimed at fairness, prosperity, improved health, and better education services