By:
Gene Perry
January 25, 2018 // Updated: May 2, 2019
See the full list of our 2018 policy priorities.
Download this fact sheet as a PDF.
Background
Oklahoma’s historical tax rate on oil and gas drilling is 7 percent, but a special tax break gives the industry a 2 percent…
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See the full list of our 2018 policy priorities.
Download this fact sheet as a PDF.
Background
In March 1992, Oklahoma voters approved State Question 640, which requires that any bill to raise revenue must pass with three-quarters approval of…
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See the full list of our 2018 policy priorities.
Download this fact sheet as a PDF.
Background
Oklahoma allows a 100 percent deduction from state income tax of any gains from the sale of property located in Oklahoma or stock…
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See the full list of our 2018 policy priorities.
Download this fact sheet as a PDF.
Background
Since the mid-1990s, Oklahoma’s top income tax rate has been reduced from 7 percent to 5 percent. The most recent top rate cut…
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See the full list of our 2018 policy priorities.
Download this fact sheet as a PDF.
Background
Vanishing corporate income tax revenue is one of the reasons behind Oklahoma’s chronic budget shortfalls. The state collected just $168 million in corporate…
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By:
David Blatt
January 24, 2018 // Updated: May 2, 2019
Note: This post was edited on Jan. 28th to reflect updated revenue estimates from the Step Up coalition
The new Step Up Oklahoma coalition, a bipartisan group of business and civic leaders and organizations, has put forward a comprehensive plan…
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By:
Steve Lewis
January 19, 2018 // Updated: May 1, 2019
Steve Lewis served as Speaker of the Oklahoma House of Representatives from 1989-1991. He currently practices law in Tulsa and represents clients at the Capitol.
There were significant developments this past week regarding the budget crisis. A group of about 70 business…
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By:
David Blatt
January 4, 2018 // Updated: May 1, 2019
For the first time in four years, lawmakers may begin the 2018 session with more money to appropriate than the year before. This is undeniably good news, coming after multiple sessions when lawmakers started the year with shortfalls ranging from…
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By:
Gene Perry
December 28, 2017 // Updated: May 2, 2019
When it comes to Oklahoma politics, 2017 was one of the most tumultuous and unpredictable in history. The year was consumed by a long, still unresolved showdown over the state budget and need for new revenues, with shifting coalitions, unusual…
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By:
David Blatt
December 21, 2017 // Updated: May 2, 2019
Tax breaks for the oil and gas industry will continue to cost Oklahoma close to $400 million this year and next, based on new data from the Oklahoma Tax Commission.
At the December Board of Equalization meeting, the Tax Commission…
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