YEAH. ABBY, AS YOU SAID, ALL THREE OF THOSE ELECTED OFFICIALS WANT TO SEE SOME FORM OF TAX RELIEF PASSED. THE GOVERNOR AND THE HOUSE SPEAKER WANT TO PASS CUTS TO THE PERSONAL INCOME TAX HERE IN THE STATE, WHILE THE SENATE PRESIDENT PRO TEM WANTS TO FOCUS ALL THE ENERGY ON DOING AWAY WITH THE STATE’S 4.5% GROCERY TAX, THE STOREHOUSES ARE FULL AND WE NEED TO WE NEED TO RETURN SOME OF THAT MONEY BACK, BACK TO THE PEOPLE. AND WE CAN DO THAT WITHOUT HARMING SERVICES. IT’S SOMETHING LAWMAKERS HAVE SAID THEY WANTED FOR SOME TIME TAX CUTS. AND NOW SPEAKER CHARLES MCCALL RENEWING HIS PUSH FOR CUTS, FILING FIVE DIFFERENT PIECES OF LEGISLATION AHEAD OF THE REGULAR SESSION. MCCALL PROPOSING AN ELIMINATION OF THE CORPORATE INCOME TAX, A FLAT RATE FOR PERSONAL INCOME TAXES, AND THREE DIFFERENT PERSONAL INCOME TAX DECREASES ONE PERMANENT, THE OTHER TWO TEMPORARY. IT’S A LOT OF MONEY FOR THE STATE OF OKLAHOMA IS HOLDING ON TO THE SENATE. APPEARS NOT READY TO CUT INCOME TAXES. RATHER, THEIR LEADER, THE PRESIDENT PRO TEM, WANTS TO SEE LAWMAKERS FINALLY AGREE TO A GROCERY TAX CUT IF WE MOVE ON, ANY OTHER TAX RELIEF TAX CUT, WE’D HAVE TO LOOK AT THE TOTAL PICTURE. I’M JUST TALKING ABOUT JUST THE GROCERY TAX RIGHT NOW. MEANWHILE, THE GOVERNOR IS LOOKING FOR MORE IMMEDIATE ACTION, TELLING KOCO FIVE OVER THE PHONE THAT HE’S READY TO CALL LAWMAKERS BACK INTO ANOTHER SPECIAL SESSION TO PASS INCOME TAX CUTS. DESPITE THAT, NO BILLS MAKING IT OUT OF A DIFFERENT SPECIAL SESSION THIS PAST FALL. WE HAVE TO CONTINUE THIS MOMENTUM AS THE MOST BUSINESS FRIENDLY STATE, AND WE NEED TO GIVE THIS MONEY BACK TO THE TAXPAYERS IN THE FORM OF LOWER TAXES. AND WHILE LEADERS OF THE HOUSE AND THE SENATE BOTH WANT TO PASS THEIR TAX RELIEF BILLS DURING THE REGULAR SESSION, THE GOVERNOR REPORTEDLY IS CONSIDERING CALLING ANOTHER SPECIAL SESSION TO HAPPEN BEFORE THE REGULAR SE
Could Oklahomans owe less in taxes next year?
KOCO 5 looked at what has been proposed and what needs to happen to make it a reality.
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Updated: 10:09 PM CST Dec 27, 2023
Could Oklahomans owe less in tax cuts next year?The governor, the House speaker, and the Senate president pro tempore are all pushing new plans to either eliminate or cut a variety of state taxes. KOCO 5 looked at what has been proposed and what needs to happen to make it a reality."The storehouses are full and we need to return some of that money back to the people, and we can do that without harming services," House Speaker Charles McCall, R-Atoka, said.| MORE | Oklahoma House, Senate leadership not on same page regarding tax cuts ahead of special sessionLawmakers have said they've wanted tax cuts for some time. McCall renewed his push for tax cuts, filing five different pieces of legislation ahead of the regular session. McCall proposed an elimination of the corporate income tax, a flat rate for income tax, and three different personal income tax decreases, one permanent and the other two temporary. "It’s a lot of money the state of Oklahoma is holding onto," McCall said.The Senate appears not ready to cut income taxes, rather, Senate Pro Tem Greg Treat wants to see lawmakers finally agree to a grocery tax cut."If we move on any other tax relief, tax cut, we’d have to look at the total picture. I’m just talking about just the grocery tax," Treat said.Meanwhile, the governor is looking for more immediate action, telling KOCO 5 over the phone that he's ready to call lawmakers back into a special session again to pass income tax cuts, despite no bills making it out of a different special session this past fall.| MORE | Special session comes to an end on first day after Oklahoma Senate decides to sine die"We have to continue this momentum as the most business-friendly state, and we need to give this money back to the taxpayer in the form of lower taxes," Stitt said.Leaders in the Senate and the House hope to pass their tax cut bills during the regular session. The governor, however, is reportedly interested in calling lawmakers to pass cuts before the regular session kicks off in February.Top Headlines37-year-old New Year's Eve tradition in Oklahoma City will not continueOklahoma restaurant booming after viral social media post'She's not going anywhere': Nurse celebrates first Christmas after officially adopting daughterPolice: Woman hospitalized after shooting in Oklahoma CitySouth Korean actor Lee Sun-kyun of Oscar-winning film 'Parasite' is found dead
OKLAHOMA CITY — Could Oklahomans owe less in tax cuts next year?
The governor, the House speaker, and the Senate president pro tempore are all pushing new plans to either eliminate or cut a variety of state taxes. KOCO 5 looked at what has been proposed and what needs to happen to make it a reality.
"The storehouses are full and we need to return some of that money back to the people, and we can do that without harming services," House Speaker Charles McCall, R-Atoka, said.
| MORE | Oklahoma House, Senate leadership not on same page regarding tax cuts ahead of special session
Lawmakers have said they've wanted tax cuts for some time. McCall renewed his push for tax cuts, filing five different pieces of legislation ahead of the regular session.
McCall proposed an elimination of the corporate income tax, a flat rate for income tax, and three different personal income tax decreases, one permanent and the other two temporary.
"It’s a lot of money the state of Oklahoma is holding onto," McCall said.
The Senate appears not ready to cut income taxes, rather, Senate Pro Tem Greg Treat wants to see lawmakers finally agree to a grocery tax cut.
"If we move on any other tax relief, tax cut, we’d have to look at the total picture. I’m just talking about just the grocery tax," Treat said.
Meanwhile, the governor is looking for more immediate action, telling KOCO 5 over the phone that he's ready to call lawmakers back into a special session again to pass income tax cuts, despite no bills making it out of a different special session this past fall.
| MORE | Special session comes to an end on first day after Oklahoma Senate decides to sine die
"We have to continue this momentum as the most business-friendly state, and we need to give this money back to the taxpayer in the form of lower taxes," Stitt said.
Leaders in the Senate and the House hope to pass their tax cut bills during the regular session. The governor, however, is reportedly interested in calling lawmakers to pass cuts before the regular session kicks off in February.
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