Tag: Income Tax

Income tax credit for gun safety bill

November 21, 2019

Sen. Nathan Dahm, R-Broken Arrow, filed legislation to create an income tax credit for Oklahoma citizens who successfully complete the gun safety training course required to get a concealed carry permit. “Since Constitutional Carry has gone into effect, many people have expressed concerns about no longer forcing people to undergo government-mandated training in order to…

Editorial: A key to attracting new business

February 28, 2019

Thousands of people and businesses are leaving New York State and relocating to Florida. Likewise, tens of thousands of businesses and residents are exiting California for Texas. Why? The answer is simple. People and businesses are tired of the confiscatory tax rates in New York, California, Connecticut, Illinois and several other “progressive” states and are…

Tax revenues grow – again

February 14, 2019

Oklahoma monthly tax revenues, while continuing to grow, are beginning to reflect the economic impact of lower energy prices, State Treasurer Randy McDaniel announced today. Gross production taxes on crude oil and natural gas in January are from oil field production during November, when crude oil prices fell throughout the month. Those receipts, at just…

State tax revenue rose by $1,500,000,000 in 2018

January 17, 2019

Dec. up 13.4%, ‘18 up 13.2% State revenues increased by 13.2 percent – more than $1.5 billion – in 2018 compared to 2017, according to new State Treasurer Randy McDaniel. The state took in a little less than $13 billion in taxes in 2018, with $1.1 billion coming in December. December 2018 was $135 million…

10 months of record revenues continues

November 8, 2018

State tax revenues surged by 14 percent in September – a new record that follows ten months of double-digit growth in a row. State Treasurer Ken Miller said gross tax receipts of $1.2 billion during the past month are the highest September total on record. Cumulative gross receipts from the past 12 months, at $12.5…