- Associated Press - Monday, May 22, 2017

OKLAHOMA CITY (AP) - Despite a constitutional prohibition on passing revenue bills in the final week of session, the Oklahoma House approved a plan to generate about $100 million by limiting the amount of itemized deductions Oklahoma taxpayers can claim on their tax returns.

The bill approved Monday caps deductions at $17,000 per year, excluding charitable deductions. It passed on a 56-40 vote and now heads to the Senate for approval.

The bill faced bipartisan opposition from lawmakers who said it would affect those with catastrophic medical expenses or the loss of a home.

Several Democrats argued the measure was unconstitutional and would likely be challenged in court.

Lawmakers are required to adjourn by Friday and are struggling to fill an $878 million budget gap. They could be forced into a special session after budget negotiations collapsed over the weekend.

___

House Bill 2403: https://bit.ly/2ruw6cX

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

Click to Hide