OCPA Applauds Income Tax Elimination Bill
The Oklahoma Council of Public Affairs (OCPA) released the following statement today regarding the passage in the Senate of Senate Bill 3, which included an amendment by Senator Tom Adelson to eliminate the state corporate and individual income taxes.
“Lawmakers have repeatedly stated their goal is to make Oklahoma the state of choice for business,” said OCPA Fiscal Policy Director Jonathan Small, CPA. “The weight of evidence shows the best way to do that is by reducing the tax burden on businesses and individuals. Therefore, we applaud lawmakers on both sides of the aisle for advancing the conversation of comprehensive tax reform this session. It is clear that lowering Oklahoma’s tax burden is a bipartisan effort.”