SB 315 - Top Marginal Income Tax Rate Reduction - Oklahoma Key Vote
Timeline
- Senate Concurrence Vote Failed
- April 28, 2009
- House Bill Passed
- April 21, 2009
- Senate Bill Passed
- March 3, 2009
- Introduced
- Feb. 2, 2009
Related Issues
Stage Details
Title: Top Marginal Income Tax Rate Reduction
Vote Smart's Synopsis:
Vote to pass a bill that modifies Oklahoma income tax rates, including (but not limited to) decreasing the top marginal income tax rate for individuals and married individuals filing jointly from the 2008 tax year rate of 5.5 percent to a new rate of 4 percent.
More Info About this Vote
NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.
Title: Top Marginal Income Tax Rate Reduction Postponement
Vote Smart's Synopsis:
Vote to pass a bill that postpones a scheduled decrease of 0.25 percent in the top Oklahoma marginal income tax rate for individuals and married individuals filing jointly so that it takes effect in 2010 instead of 2009.
Highlights:
-Postpones the scheduled decrease in the income tax rate for individuals' Oklahoma taxable income over $8,700 from 5.5 percent to 5.25 percent so that it takes effect in the 2010 tax year instead of the 2009 tax year (Sec. 3). -Postpones the scheduled decrease in the income tax rate for the Oklahoma taxable income over $15,000 of married individuals filing jointly from 5.5 percent to 5.25 percent so that it takes effect in the 2010 tax year instead of the 2009 tax year (Sec. 3).
Title: Top Marginal Income Tax Rate Reduction Postponement