Oklahoma Leaders Agree to Phaseout Income Tax in Budget Deal

Oklahoma Leaders Agree to Phaseout Income Tax in Budget Deal

Massive news for Oklahoma taxpayers as Governor Stitt, Senate President Pro Tempore Lonnie Paxton, and Speaker of the House Kyle Hilbert have agreed to a new budget that includes immediate tax relief and a path to zero income tax. The budget plan will immediately reduce the personal income tax by a quarter of a point, eliminate three of the state’s six tax brackets at lower income levels, and most importantly locks in a path to gradually elimina…