Oklahoma Senate snubs another tax cut call
2 min readThe Oklahoma Senate will not take up an income tax cut during a special legislative session next week as it waits for more information about the state’s financial position.
The Republican-controlled chamber will commence and immediately adjourn the session that starts Monday just like it did for an October special session on tax cuts Gov. Kevin Stitt ordered, Senate President Pro Tempore Greg Treat announced Wednesday.
He said the appropriate time to discuss the state’s budget and taxes is during the regular legislative session, which begins Feb. 5.
“During the regular session and only after we have certified numbers from the Board of Equalization, is when we will know how much we have to spend,” Treat said in a statement, calling the special session a waste of taxpayer dollars. “I feel like the governor’s numbers compared to what we are seeing are simply not accurate.”
Stitt, a Republican, touted Oklahoma’s “record-breaking savings and strong economic outlook”
A budget stress test
Stitt
“If anything is a waste of taxpayer money, it is the refusal of Senate leadership to give Oklahomans a well-deserved pay raise,” the governor said in a statement.
The proposed tax cut comes amid a trend of
Oklahoma’s tax revenue could be adversely impacted by
A decision by the high court, which heard oral arguments Jan. 17, can come at any time. In a court filing, the Oklahoma Tax Commission said a tax exemption for tribal members would result in “tens of millions of dollars in tax refunds and deprive the state of billions more in future taxes.”
Last year, the state