A fiscal analysis of the revised bill shows it would result in $65.7 million in lost revenue to the state in fiscal year 2015 and $169 million in FY 2016 when fully implemented. Mazzei said the cut would result in savings of about $80 for the average Oklahoma family, or $40 for an individual taxpayer.Fallin spokesman Alex Weintz said the governor is still reviewing all the changes to the bill and declined to immediately discuss the revisions.
New Income Tax Cut Plan Emerges In Okla. Senate
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.