Despite ban, Oklahoma House approves $100M revenue bill
May 21, 2017
OKLAHOMA CITY (AP) — Despite a constitutional prohibition on passing revenue bills in the final week of session, the Oklahoma House approved a plan to generate about $100 million by limiting the amount of itemized deductions Oklahoma taxpayers can claim on their tax returns.
The bill approved Monday caps deductions at $17,000 per year, excluding charitable deductions. It passed on a 56-40 vote and now heads to the Senate for approval.
The bill faced bipartisan opposition from lawmakers who said it would affect those with catastrophic medical expenses or the loss of a home.