Oklahoma Gov. Mary Fallin has signed an income tax cut measure into law.
It will gradually lower Oklahoma's top income tax rate from 5.25 percent to 4.85 percent over several years. The cuts are dependent upon revenue triggers, meaning Oklahoma's general revenue collections must increase before cuts take effect. The earliest they could take effect is in 2016.
Fallin signed the measure Monday. It's one of her top goals for the 2014 Legislature.