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The bill includes $33 billion to expand the widely used child tax credit for three years — including the tax season currently underway, provided the bill quickly passes the Senate.
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State lawmakers entered into special session Monday to discuss a quarter of a percent income tax cut for Oklahomans. Immediate changes to the tax code are unlikely. But Senate Pro Tem Greg Treat says a future tax slash could be coming.
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Refunds are expected to be up on last year and a new system being trialed in 14 states will allow taxpayers to file their 2023 federal tax return online, for free, directly with the IRS.
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Lawmakers will convene for a special session Monday to discuss cutting the income tax. Low and middle-income Oklahomans will see marginal returns compared to their wealthiest neighbors.
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Direct File will be open only to people with certain tax situations living in certain states at the outset. The free service has been criticized by Republicans and tax preparation companies.
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This Week in Oklahoma Politics panel discusses Senate President Pro Tem Greg Treat announcing his chamber will not be passing any tax cuts during the governor's special session, State Superintendent Ryan Walters tapping a far-right influencer from California to an Oklahoma library committee shortly after reports were released of thousands of dollars in travel expenses and more.
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Gov. Kevin Stitt wants to slash Oklahomans’ income taxes and he wants to see which state lawmakers agree with him.
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Gov. Kevin Stitt said Friday that he will not consider a pay raise for state employees until all Oklahomans get a tax cut.
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The first Monday in February marks the beginning of the Oklahoma legislative session. And Oklahoma lawmakers are gearing up to consider thousands of bills.
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This Week in Oklahoma Politics panel discuss the governor's call for a special session to enact tax cuts, Republican lawmakers pushing changes to a law blacklisting banks who don't invest in the oil and gas industry and more.