Post by Logan on May 11, 2017 23:28:43 GMT -6
House Republicans and Democrats strike revenue-raising deal, House speaker says
OKLAHOMA CITY — Republicans and Democrats in the state House have agreed on a plan to raise about $400 million in revenue, Speaker Charles McCall said Thursday.
The plan includes increasing the cigarette tax by $1.50 per pack, said McCall, R-Atoka. The current tax is $1.03 per pack.
It also includes reducing some incentives given to the oil and gas industry but does not include an increase in the gross production tax or raising taxes on gasoline and diesel, McCall said.
Another element is a modification to some Class 3 gaming, but it would not expand the type of games allowed in tribal casinos, he said. The plan also includes limiting itemized deductions to $17,000 with an exception for charitable giving.
Read more: www.tulsaworld.com/news/capitol_report/house-republicans-and-democrats-strike-revenue-raising-deal-house-speaker/article_f536d5f3-2a17-5dab-bdbe-0c9f76056170.html
OKLAHOMA CITY — Republicans and Democrats in the state House have agreed on a plan to raise about $400 million in revenue, Speaker Charles McCall said Thursday.
The plan includes increasing the cigarette tax by $1.50 per pack, said McCall, R-Atoka. The current tax is $1.03 per pack.
It also includes reducing some incentives given to the oil and gas industry but does not include an increase in the gross production tax or raising taxes on gasoline and diesel, McCall said.
Another element is a modification to some Class 3 gaming, but it would not expand the type of games allowed in tribal casinos, he said. The plan also includes limiting itemized deductions to $17,000 with an exception for charitable giving.
Read more: www.tulsaworld.com/news/capitol_report/house-republicans-and-democrats-strike-revenue-raising-deal-house-speaker/article_f536d5f3-2a17-5dab-bdbe-0c9f76056170.html