Death Tax Elimination Speed Up Bill Clears Panel

The State Senate Finance Committee voted 6-5 today to advance Senate Bill 1383 out of committee and to the Senate floor for debate. SB 1383 is a bill to speed up the elimination of the death tax in Oklahoma that will have no impact on the upcoming budget year.

State Senator Mike Johnson, R-Kingfisher and Senator Ron Justice, R-Chickasha, praised the passage of SB 1383 by the Senate Finance Committee.

“The death tax remains a burden to farmers and small businesses in rural Oklahoma, and Senate Republicans believe this tax should be eliminated sooner rather than later. It’s encouraging to have advanced a bill that will help rural Oklahoma,” said Justice, the chairman of the Senate Republican Rural Caucus.

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