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Thu May 22, 2014
Here We Go Again...New Lawsuit Challenges Oklahoma Income Tax Cut
A lawsuit claims income tax cut legislation approved by the Oklahoma Legislature and signed into law by Gov. Mary Fallin is unconstitutional.
The lawsuit was filed Thursday by Oklahoma City attorney Jerry Fent, who has successfully challenged legislation in the past. It asks the state Supreme Court to declare the tax cut unconstitutional and block it.
The tax cut was one of Fallin's top legislative goals this year. It reduces the personal income tax rate from 5.25 percent to 5 percent in 2016 if revenue projections are enough to cover the lost revenue.
But the lawsuit says the legislation is unconstitutional because it did not originate in the House and failed to receive the required three-quarters vote of members of the House and Senate.
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Cuts depend on revenue triggers