On Nov. 6, Tulsa County voters will go to the polls and decide whether they should extend a sales tax increase. The Vision2 measure is inspired by the success its inner-state rival, Oklahoma City, has had with MAPS, a series of tax increases that paid for public works projects, school improvements and arena upgrades to [...]
It’s shopping holiday time once again, and retailers throughout Oklahoma are eagerly awaiting back-to-school customers hungry for “tax-free” savings on clothing and shoes. Customers are excited, too. From the Associated Press: Tasha Willson said Thursday her family always waits until the long shopping weekend to buy new clothes and shoes for their three children, ages [...]
Tomkellyphoto / Flickr Oklahoma’s gross tax receipts for December were more than 11 percent higher than the same month last year, state Treasurer Ken Miller said Wednesday, releasing monthly collection figures. Sales taxes alone were 6.3 percent higher during the 2011 holiday shopping season than they were last year, he said. Overall, revenues for 2011 [...]
Tulsa’s December sales tax revenues jumped 14.2 percent compared to the same month last year. The Tulsa World’s Brian Barber reports that Tulsa’s increase was partly due to an expiring tax share between the city and county. City voters in 2008 approved assuming the “4 to Fix” tax share when it expired to help fund [...]
With Republicans controlling Oklahoma’s state government, efforts to reduce or completely eliminate the personal income tax are “moving toward reality,” according to an Oklahoman report. From capitol reporter Michael McNutt: A gubernatorial task force is proposing a 10-year program to significantly reduce then ultimately eliminate the tax. A legislative task force also is looking at [...]
The individual income tax is under attack in Oklahoma. It’s the state’s largest source of tax revenue, but some groups and top lawmakers say eliminating the personal income tax would help Oklahoma grow and help the state attract and retain jobs. StateImpact Oklahoma has assembled a guide to bring you up to date on the [...]
Oklahoma lawmakers and business leaders were the first to enter the fray, and now local retailers are taking their turn at the nation’s capital to push for a bill that would force online retailers to collect sales taxes. From The Oklahoman’s Chris Casteel: They sell bicycles and cameras in Oklahoma City, along with tea sets, [...]
Eschipul / Flickr Oklahoma City Mayor Mick Cornett said online retailers that don’t collect sales taxes cost his city $10 million to $15 million each year, according to The Oklahoman. The Oklahoma business community is joining the effort to force Internet retailers to collect sales taxes for states and cities. Lawmakers and business officials are [...]
eCapitol News reports: Lawmakers could have more money to spend during the 2012 legislative session if Oklahoma’s General Revenue Fund collections follow the trend of the past 10 years, the Office of State Finance reported. The OSF released its State Budget Outlook Multi-Year Trend Analysis last week, which analyzes major sources of tax revenues for [...]
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