Oklahoma lawmakers looking at changing the state income tax
Tuesday, December 4th 2001, 12:00 am
By: News On 6
The debate over Oklahoma's tax structure continues. A state house committee holding public hearings says it's apprehensive about adopting a Texas-style system.
Oklahoma Governor Frank Keating is expected to propose a plan that does away with the state income tax. Instead a nearly 6% sales tax on services will be added. The plan also calls for eliminating the sales tax on groceries and making the state's estate tax rate equal to the federal rate.
Officials believe Texas is winning the competition for jobs because it doesn't have an income tax.