taxes
Blue and red states slash taxes despite warnings of hard times ahead
With a $750 million budget surplus on hand, there was little doubt whether North Dakota lawmakers would cut taxes earlier this year — the question was how much. “The surplus was strong, and we believe it’s going to be sustained into the future,” said state Rep. Craig Headland. “So, it just made sense to cut […]
Oklahoma Tax Commission approves rules for school choice tax credits
OKLAHOMA CITY — Rules to implement the state’s new school choice tax credits advanced Tuesday, though questions about the program’s accessibility still persist at the state Capitol. Gov. Kevin Stitt now has 45 days to OK the rules after the Oklahoma Tax Commission voted unanimously to approve them. The regulations are automatically rejected if the […]
Opinion: More questions than answers as lawmakers probe new transportation tax
Lawmakers stand at a crossroads as they wrestle with how to fund the state’s future transportation needs. Cars are becoming more fuel efficient, and there’s a federal effort to push more consumers toward electric vehicles. Despite those shifts, Oklahoma leaders continue to rely heavily on the revenue generated from the state’s 20-cent gas tax to […]
Efforts to eliminate Oklahoma grocery tax stall despite bipartisan support
OKLAHOMA CITY — Although bipartisan support remains at the state Capitol for eliminating the state portion of the grocery tax, movement on the issue appears to have ground to a halt. Gov. Kevin Stitt has been one of the most vocal proponents for eliminating the state’s 4.5% sales tax on groceries, but he did not […]
School choice tax credits take effect, but no rules yet for Oklahoma
A law offering tax breaks for private school and homeschool families is now in effect, but details for the program’s rollout are still in the works. House Bill 1934, known as the Oklahoma Parental Choice Tax Credit Act, offers refundable tax credits to offset the cost of private school tuition and related fees, including the […]