- Associated Press - Thursday, May 19, 2016

OKLAHOMA CITY (AP) - The Oklahoma House has reversed itself and passed legislation to eliminate what’s considered a double deduction for state income taxpayers.

The House voted 51-42 late Thursday for the Senate-passed measure and sent it to Gov. Mary Fallin to be signed into law. The House had voted 50-45 against the bill earlier Thursday.

The bill eliminates an income tax deduction that allows Oklahoma taxpayers to deduct state income tax they claim on their federal income tax return from their state return. Supporters say the measure will save the state an estimated $87.3 million a year for state services.

The measure is among a variety of revenue bills under consideration as lawmakers work to fill a projected $1.3 billion hole in the state budget for the fiscal year that begins July 1.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide