Despite ban, Oklahoma House approves revenue bill

The Associated Press - May 23, 2017 10:37 am

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: http://bit.ly/2ruw6cX

 

Latest Stories

Ponca City High School Building Lady Cat Wrestling Team

Po-Hi is looking to build a team full of strong young women to participate in Lady...

NewPoint Church Hosting Back to School Event

School will begin in Ponca City on Wednesday, August 24th. NewPoint Church will host a Back-to-School...

Accusers Dismissed From Civil Rights Lawsuit Against Former OKC Officer Convicted Of Rape

OKLAHOMA CITY –  A civil lawsuit against a former Oklahoma City Police Department officer serving a 263-year prison...