Oklahoma's Senate Bill 304 proposes a flat 4.75% income tax, moving from the current tiered system.

Oklahoma's Senate Bill 304, proposed by State Senator Dave Rader, seeks to replace the state's tiered income tax system with a flat 4.75% rate, aiming to save taxpayers about $120 million. Critics like State Representative John Waldron argue it could lead to budget cuts due to lost revenue. The bill has passed the State Senate and is now moving to the House for further consideration.

1 week ago
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