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The budget crisis of the 2011 Oklahoma state budget caused the Oklahoma State Treasurer's Office to estimate that the 2012 budget would see a $600 million budget shortfall. Following the December 2010 meeting of the Oklahoma State Board of Equalization, the Board certified that the 2012 budget would see a shortfall of $400 million from 2011 levels.
For the status of your refund, use the "Where's My Refund?" tools at irs.gov/wheres-my-refund for federal tax refunds or the resources available at Oklahoma's Taxpayer Access Point at oktap.tax.ok ...
Here's how long it takes to get your Oklahoma tax refund, and how to file if you haven't already. Taxpayers have until April 15 to file their 2023 federal and state of Oklahoma income tax returns.
The proposal was the first Senate bill filed ahead of the 2025 legislative session, which starts in February.
The state budget for fiscal year 2010 began with a decrease in tax revenues of almost $310 million, or 4.4%, from the previous fiscal year. A primary reason for this decrease was enactment of House Bill 1172 in 2006. HB1172 enacted the largest tax cut in state history by lowering the state income tax rate from 6.25% in 2006 to 5.25% in 2011.
The Oklahoma State Budget for Fiscal Year 2011, is a spending request by Governor Brad Henry to fund government operations for July 1, 2010–June 30, 2011. Governor Henry and legislative leader approved the budget in May 2010. This was Governor Henry's eight and final budget submitted as governor.
Though it's doubtful that the FY 2025 budget will contain a second tax cut, the FY 25 budget will fund state government for the next year and, in the process, hold back a few billion, just in case ...
The Oklahoma Constitution mandates the creation of a Constitutional Reserve Fund (often referred to as the "Rainy Day Fund"). All revenues collected by the Oklahoma Tax Commission in excess of the revenue estimate made by the Oklahoma State Board of Equalization are deposited into the fund. This process continues until the fund reaches the ...