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The Tulsa Beacon

 

Legislative Update

Tax breaks for veterans

Tulsa Beacon

The House passed HB3693 which would grant Oklahoma veterans a full tax exemption on retirement benefits they receive as a result of their service. Under the legislation, veterans would receive a 100% tax exemption on their retirement benefits, beginning Jan. 1, 2023. Currently, veterans of the U.S. Armed Forces receive tax exemptions for up to…

Freezing valuations at 65

Tulsa Beacon

The House passed House Joint Resolution 1047 by Rep. Robert Manger, R-Oklahoma City, that would freeze the assessed value of a home when it comes to ad valorem taxes for Oklahomans when they reach the age of 65. Manger said, “By freezing this valuation, Oklahomans 65 and older can more properly budget their fixed incomes…

Caregivers’ tax breaks

Tulsa Beacon

The House passed HB3371 by Rep. Tammy West, R-Oklahoma City, that would grant an income tax credit for caregivers. It would create an income tax credit equal to half of the expenses of providing care for an older loved who is certified to need help with at least two activities of daily living. The non-refundable…

Daylight savings bill

Tulsa Beacon

The House passed HB3146 that would authorize a vote of the people on a proposal that could permanently end Daylight Savings Time in Oklahoma. Rep. Kevin West, R-Moore, said Oklahomans would vote on a statutory amendment that if approved would lock the clock on Central Standard Time in Oklahoma and do away with the twice-yearly…

Car sales tax reforms

Tulsa Beacon

The Senate approved two bills authored by Sen. Darcy Jech, R-Kingfisher, that would change how the state collects sales tax on vehicle purchases and how long citizens have to register that new purchase. SB1486  would modify the formula used to calculate how much sales tax is owed on the purchase of a vehicle. Under current…

2nd Amendment bill

Tulsa Beacon

Rep. Kevin West, R-Moore, passed a bill out of the House  that would disallow the state of Oklahoma to contract with any company that discriminates against the firearms industry. “This is a constitutionally protected industry, and the majority of Oklahomans are very much in favor of protecting Second Amendment rights,” West said. “Yet there are…

Tulsa Beacon

A host of bills concerning public education were advanced this month in the Oklahoma Legislature. The Senate passed Senate Bill 1126 by Sen. Jessica Garvin, R-Duncan, to give schools more flexibility in how and when they spend general carryover funds. “We must stop penalizing our local districts for being fiscally responsible and wanting to save…

Gov.Stitt forms a regional hydrogen hub with Arkansas and Louisiana

Tulsa Beacon

On the heels of the governor’s announcement that Oklahoma is forming a partnership with Arkansas and Louisiana to create a regional hydrogen hub, the state Senate has passed two bills that would give tax credits to businesses and individuals utilizing and producing the clean and affordable energy source. Authored by Sen. John Michael Montgomery, R-Lawton,…

Suicide rates rising

Tulsa Beacon

Given that suicide is the second leading cause of death among Oklahoma children, adolescents, and young adults ages 10–24, Sen. Bill Coleman, R-Ponca City, wants to ensure students have help at their fingertips in moments of crisis. The Senate approved his Senate Bill 1307 to provide the National Suicide Prevention Lifeline phone number on student…

Certified meat bill

Tulsa Beacon

Rep. Jim Grego, R-Wilburton, won unanimous House passage of a bill that would expand the list of meats on the “Oklahoma Certified” list. Currently beef (bovine) is the only meat on the list. Under House Bill 2368, swine, goat, lamb, poultry and fish would be added. “Getting meat locally from a safe and trusted source…