Oklahoma
What's New
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June 26, 2018Gas Taxes Rise in Seven States, Including an Historic Increase in Oklahoma
A rare sight is coming to Oklahoma. The last time the Sooner State raised its gas tax rate, the Berlin Wall was still standing, and Congress was debating whether to…
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May 22, 2018Most States Have Raised Gas Taxes in Recent Years
State tax policy can be a contentious topic, but in recent years there has been a remarkable level of agreement on one tax in particular: the gasoline tax. Increasingly, state…
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December 14, 2017Private Schools Donors Likely to Win Big from Expanded Loophole in Tax Bill
For years, private schools around the country have been making an unusual pitch to prospective donors: give us your money, and you’ll get so many state and federal tax breaks…
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December 14, 2017Tax Bill Would Increase Abuse of Charitable Giving Deduction, with Private K-12 Schools as the Biggest Winners
In its rush to pass a major rewrite of the tax code before year’s end, Congress appears likely to enact a “tax reform” that creates, or expands, a significant number… -
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November 29, 2017State Rundown 11/29: Thanksgiving Leftovers Edition
The State Rundown is back from Thanksgiving break with a heaping helping of leftover state tax news, but beware, some of it may be rotten. -
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September 28, 2017State Rundown 9/28: Wisconsin Budget Finalized, Oklahoma Special Session Underway
This week, Wisconsin's leaders finalized the state budget at last, while those in Oklahoma began a special session to close their state's revenue shortfall. Soda tax fights made news in…
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September 13, 2017State Rundown 9/13: The Year of Unprecedented State Budget Impasses Continues
This week, Pennsylvania lawmakers risk defaulting on payments due to their extremely overdue budget and Illinois legislators will borrow billions to start paying their backlog of unpaid bills. Governing delves… -
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August 23, 2017State Rundown 8/23: Few Lingering Budget Debates Cannot Linger Much Longer
This week, Oklahoma lawmakers learned they'll need to enter a special session to balance their budget and that they'll likely face a lawsuit over their low funding of public education.… -
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June 2, 2017Oklahoma’s Budget Signed by Governor, but Long-Run Challenges Remain
On the last day of their legislative session, Oklahoma lawmakers finalized a $6.8 billion budget bill that was later signed by Gov. Mary Fallin. In the governor's statement on the…
Related Resources
ITEP Publications about Oklahoma
Reports about Oklahoma using ITEP data
All items referencing Oklahoma
By the Numbers
| Personal Income Tax Features | |
|---|---|
| Range of Tax Rates | 0.5% - 5.25% |
| Standard Deduction |
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| Personal Exemption | $1,000 |
| Dependent Exemption | $1,000 |
| Earned Income Tax Credit (EITC) | 5% Refundable |
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| Corporate Income Tax Features | |
|---|---|
| Range of Tax Rates | Top rate falls to 5% in 2016 and could fall to 4.85% in 2018 depending on revenue growth |
| Income Level at Which Top Rate Applies | N/A |
| Combined Reporting | 6.00% |
| Apportionment Factor (Payroll) | All |
| Apportionment Factor (Property) | No |
| Apportionment Factor (Sales) | 33% |
| Sales Tax Features | |
|---|---|
| State Sales Tax Rate | 4.50% |
| Average Local Sales Tax Rate | 3.90% |
| Average Combined State & Local Sales Tax Rate | 8.40% |
| State Sales Tax Treatment of Groceries | Taxed at regular rate, but offsetting credit/rebate is available |
| Local Sales Tax Treatment of Groceries | Taxed |
| Number of Services Taxed | 32 out of 168 surveyed (2007) |
| Streamlined Sales Tax Membership | Full |
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| Property Tax Features | |
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| Other Tax & Revenue Features | |
|---|---|
| Gasoline Tax Rate (per gallon) | $0.17 |
| Diesel Tax Rate (per gallon) | $0.14 |
| Cigarette Tax Rate (per pack) | $1.03 |
| Estate or Inheritance Tax | No |
| Net Lottery Sales Per Capita | $57 (2010) |
| Tax Policy Oversight | |
|---|---|
| Tax Expenditure Report | Yes |
| Tax Incidence Analysis Capability | None |
Last updated January 13, 2015