Ponca City, OK

Now: 55 °F

Currently: Mostly Cloudy

Hi: 55 °F | Lo: 39 °F


Hi: 60 °F 

Lo: 44 °F


Hi: 51 °F 

Lo: 36 °F


Hi: 59 °F 

Lo: 37 °F


Hi: 67 °F 

Lo: 42 °F


Hi: 71 °F 

Lo: 55 °F

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 resident involved in Kay County vehicle accident

The Oklahoma Highway Patrol reported a personal injury collision occurred about 12:21 p.m. Saturday in the...

The Latest: Forecasters warn of fire danger, crop damage

ALBUQUERQUE, N.M. (AP) – Forecasters and climatologists say the amount of moisture received across the United...

5 plead guilty to drug trafficking charges in Oklahoma

(Information from: Tulsa World, http://www.tulsaworld.com) TULSA, Okla. (AP) – Five Oklahoma residents have pleaded guilty to...