Post by pavel on Feb 22, 2016 3:49:27 GMT -6
OKLAHOMA CITY — An effort by a Tulsa lawmaker to delay a cut in the state’s personal income tax rate is getting no traction from key policymakers.
Rep. Mike Mazzei, R-Tulsa, has a bill to delay the tax cut, which became effective Jan. 1, dropping the rate to 5 percent from 5.25 percent.
Following a Board of Equalization meeting last week in which state officials revised budget figures downward, Gov. Mary Fallin panned the idea.
The income tax cut kicks in at $8,700 per individual or $15,000 per family, Fallin said.
Read more: www.tulsaworld.com/news/tax-cut-delay-bill-dead-on-arrival-state-leaders-say/article_d0129fcb-3493-59f8-b8f0-47bcc162206c.html
Rep. Mike Mazzei, R-Tulsa, has a bill to delay the tax cut, which became effective Jan. 1, dropping the rate to 5 percent from 5.25 percent.
Following a Board of Equalization meeting last week in which state officials revised budget figures downward, Gov. Mary Fallin panned the idea.
The income tax cut kicks in at $8,700 per individual or $15,000 per family, Fallin said.
Read more: www.tulsaworld.com/news/tax-cut-delay-bill-dead-on-arrival-state-leaders-say/article_d0129fcb-3493-59f8-b8f0-47bcc162206c.html