Southern states look to eliminate income tax

Southern states look to eliminate income tax

About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so, if their economies keep…

Mississippi is ditching its income tax. Other states should follow.

The poorest state in the nation just passed bold tax reform that empowers workers, attracts investment, and simplifies the system. It’s a model worth copying.

Bill to gradually eliminate Oklahoma's state income tax passes Senate

But the bill wouldn't provide a tax cut right away.

Senate advances Oklahoma income tax cut bill

Senators David Bullard, R-Durant, left, and Micheal Bergstrom, R-Adair, talk on the Senate floor during special session on Oct. 3, 2023. (Photo by Kyle Phillips/For Oklahoma Voice)OKLAHOMA CITY – The Oklahoma Senate on Thursday advanced a bill that could lead to the elimination of the state’s income tax, despite concerns that it benefitted the wealthy. House Bill 1539 passed by a vote of 36-9 and returns to the House for consideration. Under the…

Income tax pathway to zero passes Oklahoma Senate - Bryan County Patriot

By Cody Maynard The Senate this week passed House Bill 1539, which would create a pathway to zero for Oklahoma’s income tax. The bill was sent to the Senate with the title off, so it must return to the House for fourth reading before it is sent to the governor for his consideration of signing it into law. This is a trigger plan that would allow a quarter-percent reduction in the income tax rate each time tax collections over time grow by more th…

OK Freedom Caucus calls for income tax cuts, spending reductions

Oklahoma Freedom Caucus Celebrates Passage of Path to Zero Income TaxOKLAHOMA CITY, OK (April 10th) – The Oklahoma Freedom Caucus celebrates the passage of HB1539 which sets Oklahoma on a path to fully eliminate the state income tax. While this is a monumental step in the right direction, we now call upon the Oklahoma House of Representatives to immediately pass HB1539 to send it to Governor Stitt’s desk for his signature.We remain steadfast in …