Jay Steagall Files Bill To Eliminate Income Tax

This short is from our LIVE podcast with Jay on Wednesday, 12.11.24 called, "Let's Talk About Property Taxes" which can be found under the "Live" tab on our channel. (Live links at YouTube and Rumble) This is the copy from the House Media Office regarding his bill: Steagall Files Bill to Eliminate Income Tax by 2035 OKLAHOMA CITY – Rep. Jay Steagall, R-Yukon, today filed legislation to phase out Oklahoma's personal and corporate income taxes over a decade, with the goal of eliminating the tax entirely by 2035. House Bill 1009 would reduce the personal income tax rate by 0.00475% annually and the corporate income tax rate by 0.004% annually over 10 years. Steagall had filed a nearly identical bill, House Bill 3058, for consideration during the 2024 legislative session. "Recent polls show that Oklahomans overwhelmingly support the elimination of the state income tax, an effort for which I have filed legislation in the past two years and filing once again for the 60th Legislature," Steagall said. "The state income tax is a clear violation of our own state constitution and I will continue to pursue righting this wrong in the upcoming session." Steagall pointed to Article 2, Section 2 of the Oklahoma Constitution, which declares "all persons have the inherent right to life, liberty, the pursuit of happiness, and the enjoyment of the gains of their own industry." He said income taxes go against the foundation of the state constitution and encroach on Oklahomans' liberties. The state income tax was created statutorily in 1915. Stegall noted that the gradual reduction over a decade would give the Legislature ample opportunity to act on tax reform, a move he said was "much-needed."