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

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