Gov. Kevin Stitt Signs Bill to Reduce State Income Tax Rate
- Governor Kevin Stitt signed House Bill 2764 on May 28, 2025, reducing Oklahoma's state income tax rate from 4.75% to 4.5%.
- The tax cut followed ongoing efforts by Stitt and the Republican-led legislature to consolidate tax brackets and establish a path to zero income tax.
- The new law eliminates three tax brackets for low-income earners and includes triggers for further cuts based on state revenue exceeding expectations.
- The quarter-point cut is expected to reduce state revenue between $160 million and $360 million annually and will save taxpayers varying amounts depending on income.
- Supporters believe the tax cut will attract businesses and families, while critics question its timing amid economic uncertainty and minimal savings for many residents.
12 Articles
12 Articles
Oklahoma is a National Leader on Tax Reform as Gov. Stitt Signs Income Tax Elimination Bill that Puts Taxpayers First
Americans for Tax Reform President Grover Norquist offered the following statement upon the passage and signing of Oklahoma House Bill 2764, which will gradually eliminate the income tax – cutting the rate by .25% when the state surpasses revenue benchmarks: “It is official, Oklahoma is a national leader on tax reform. The tremendous, now-enacted plan puts taxpayers first by cutting and gradually eliminating the state income tax when government…
AFP-OK Cheers Signing of Income Tax Cut and Path to Zero - Americans for Prosperity
OKLAHOMA CITY, OK – Americans for Prosperity-Oklahoma (AFP-OK) thanked Governor Kevin Stitt for signing H.B. 2764 on Wednesday, reducing and simplifying Oklahoma’s income taxes and putting the state on a path toward eliminating the income tax altogether. John Tidwell, AFP-OK state director, gave the following statement: “We’re grateful to Governor Stitt for delivering on his promise to reduce Oklahomans’ tax burden and we’re excited to be one s…
Coverage Details
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
To view factuality data please Upgrade to Premium