Wednesday, March 11th 2009, 8:36 am
Associated Press
OKLAHOMA CITY (AP) -- The Oklahoma House has approved legislation to phase out the state sales tax on groceries.
The state House voted 80-16 Tuesday for a measure that would reduce the grocery sales tax. It's similar to a bill passed by the state Senate that would phase out the tax over five years.
The Senate-approved tax cut would cost $44 million next year and $300 million when fully implemented. Officials have said it is unlikely because the state faces a $900 million revenue shortfall.
The measure by Rep. John Trebilcock of Broken Arrow, House Bill 2204, would lower the state grocery tax each year by one-half a percent, bringing it down from 4 percent in 2010 to 0.5 percent in 2017.
March 11th, 2009
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