Oklahoma HB 1539 establishes a mechanism for future individual income tax rate reductions based on revenue growth

Original title: Revenue and taxation; individual income tax; rates; brackets; revenue determinations; effective date.

Last action · April 14, 2025: SA's receivedSponsors: Gerrid Kendrix and 6 others

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What This Bill Would Do

Oklahoma House Bill 1539 establishes a conditional mechanism for reducing individual income tax rates by 0.25% increments, effective for tax years beginning on or after January 1, 2026, contingent upon the certifying that revenue collections exceed the base year amount by at least $300,000,000.00.

Why it matters

Individual income tax rates may decrease incrementally over time for all resident and nonresident taxpayers if state revenue growth exceeds statutory thresholds.

Background

The State Board of Equalization in Oklahoma is responsible for certifying state revenue estimates and ensuring tax system compliance. context

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

resident individuals

Individual income tax rates may be reduced over time based on state revenue collections.

Directly affected

nonresident individuals

Individual income tax rates and rules apply to their Oklahoma taxable income.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What triggers an income tax rate reduction under HB 1539?

A rate reduction is triggered if the certifies at its December meeting that total revenue collections exceeded the by at least $300,000,000.00 over the base year amount.

When do the potential tax rate reductions take effect?

If certified by the , the rate reductions become effective on January 1 of the calendar year immediately following the December certification.

What else do you want to know?

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Where This Stands

Currently passed both. The next step in the legislative lifecycle is Law.

Procedural history

31 actions

Apr 14, 2025House
SA's received
Apr 14, 2025Senate
Engrossed to House
Apr 10, 2025SenateCommittee
Referred for engrossment
Apr 10, 2025SenateFloor
Measure passed: Ayes: 36 Nays: 9
Apr 10, 2025Senate
General Order, Considered
Apr 10, 2025Senate
Coauthored by Senator McIntosh

Show 25 earlier actions

Apr 9, 2025Senate
Coauthored by Senator Hamilton
Apr 9, 2025Senate
Coauthored by Senator Stewart
Apr 9, 2025Senate
Coauthored by Senator Wingard
Apr 9, 2025Senate
Placed on General Order
Apr 8, 2025Senate
Coauthored by Senator Jett
Apr 7, 2025SenateCommittee
Withdrawn from Appropriations committee
Apr 7, 2025SenateCommittee
Referred to Appropriations
Apr 7, 2025Senate
Title restored
Apr 7, 2025SenateFloor
Reported Do Pass as amended Revenue and Taxation committee; CR filed
Apr 7, 2025Senate
Coauthored by Senator Bullard
Apr 1, 2025SenateCommittee
Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee
Mar 26, 2025SenateIntroduced
First Reading
Mar 26, 2025House
Engrossed, signed, to Senate
Mar 25, 2025HouseCommittee
Referred for engrossment
Mar 25, 2025HouseFloor
Third Reading, Measure passed: Ayes: 76 Nays: 20
Mar 25, 2025House
Coauthored by Representative(s) Kendrix
Mar 25, 2025House
General Order
Mar 6, 2025House
Title stricken
Mar 6, 2025House
Authored by Senator Bergstrom (principal Senate author)
Mar 6, 2025HouseFloor
CR; Do Pass, as amended, Appropriations and Budget Committee
Feb 24, 2025HouseFloor
Recommendation to the full committee; Do Pass Appropriations and Budget Finance Subcommittee
Feb 4, 2025HouseCommittee
Referred to Appropriations and Budget Finance Subcommittee
Feb 4, 2025HouseCommittee
Second Reading referred to Appropriations and Budget
Feb 3, 2025House
Authored by Representative Lepak
Feb 3, 2025HouseIntroduced
First Reading

Version history

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