Download this fact sheet as a printable pdf here.
Read about the rest of OK Policy’s 2019 Legislative Policy Priorities here.
In a tax code that provides multiple breaks for high-income individuals and businesses, Oklahoma offers just three tax credits…
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By:
Gene Perry
February 7, 2018 // Updated: May 2, 2019
Just a few weeks ago, the Step Up Oklahoma coalition announced their plan for a variety of tax increases and reforms to resolve some of Oklahoma’s long-standing budget problems. Since then, the proposal has attracted support from a broad range…
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By:
Gene Perry
November 14, 2017 // Updated: May 2, 2019
In 2016, Oklahoma lawmakers were struggling to pass a state budget amid a massive revenue shortfall. Sound familiar?
One of the measures taken by lawmakers in that year to fill their shortfall was making Oklahoma’s Earned Income Tax Credit (EITC)…
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It’s tax time again, and if you are one of the more than 300,000 Oklahoma households that claim the state Earned Income Tax Credit (EITC) you may have noticed that your tax refund is lower than it was last year,…
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By:
Gene Perry
May 12, 2016 // Updated: May 2, 2019
Yesterday, a letter signed by more than 150 Oklahoma clergy was delivered to lawmakers and Governor Fallin, urging them not to slash key tax credits for working families to fix the state’s revenue problems. They were joined by numerous non-profit…
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By:
Gene Perry
April 25, 2016 // Updated: May 2, 2019
Oklahoma’s massive budget shortfall means that lawmakers face stark choices this year. They can choose devastating cuts to Oklahoma public schools, health care, and other essential services. Or they can shore up the state’s finances and invest in a stronger…
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By:
Gene Perry
February 16, 2016 // Updated: May 2, 2019
Last week the Oklahoma Senate Finance Committee approved SB 977, a bill that would suspend 23 tax credits for the next two years as a way to partially address the state’s massive budget shortfall. While the bill targets numerous credits,…
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By:
Gene Perry
November 17, 2014 // Updated: May 2, 2019
About 168,000 children age 5 and younger in Oklahoma live in low-income families (making less than 200 percent of the poverty threshold, or $47,000 for a family of four). Like most families in America, the parents of these young children …
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By:
Guest
July 19, 2012 // Updated: May 2, 2019
Indivar Dutta-Gupta is a Policy Advisor for the Center on Budget and Policy Priorities (CBPP). This post originally appeared on the Off The Charts blog.
We previously showed that the Earned Income Tax Credit (EITC) for low-income workers lifts more…
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By:
Gene Perry
May 16, 2012 // Updated: May 2, 2019
In all of the major income tax proposals this year (including the plan announced yesterday by Senate Republicans), the Earned Income Tax Credit (EITC) has been targeted for elimination. That’s strange, because lawmakers have made no clear argument for why we should lose this…
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