Oklahoma income tax cut bill clears first hurdle, sets stage for future reductions

Oklahoma Voice

May 20, 2025

1 min read

OKLAHOMA CITY – The Oklahoma House on Tuesday advanced a measure to lower the state’s income tax despite concerns it would have little impact on residents.

House Bill 2764 creates a process for ultimately eliminating the state’s income tax when revenues hit certain triggers.

The measure would initially reduce the state’s top income tax to 4.5% from 4.75%.

It would also collapse the six income tax brackets into three.

Oklahoma income tax cut bill clears first hurdle, sets stage for future reductions • Oklahoma Voice

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Oklahoma income tax cut bill clears first hurdle, sets stage for future reductions

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