Oklahoma Governor Kevin Stitt signs House Bill 1955, eliminating the state's 4.5% grocery tax, reducing state revenue by $418M annually.
Oklahoma Governor, Kevin Stitt, has signed House Bill 1955, which eliminates the state's 4.5% tax on groceries. This tax cut is set to take effect in August and will prohibit local governments from raising their sales taxes on food until July next year. The move is expected to reduce state revenue by $418 million annually and is the largest single-year tax cut in Oklahoma history.
February 27, 2024
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