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Local & Regional
11:31 am
Wed February 23, 2011

Tax Cut Ahead

Oklahoma City, OK – Despite a half-billion dollar funding hole in Oklahoma, income tax rates will drop next year by a quarter of one-percent. Governor Fallin says statewide revenue growth was enough to trigger a mandated tax cut.

The Governor is hopefully residents will spend the tax savings; thereby boosting the economy.

The rate will drop from 5.5% to 5.25% effective next January.