Tag Archives: Taxation

State Question 842

By Marven Goodman

Free’s Homeowners From Ad Valorem Taxation and Turbocharges the Economy

Oklahoma is now engaged in a relentless fight for fiscal prudence and taxpayer sovereignty. The newly updated State Question 842 stands as a beacon of true conservatism, a citizen-led assault on the oppressive yoke of ad valorem property taxes levied on owner-occupied homesteads. Filed on December 5, 2025, by principled proponents such as former State Rep. Mike Reynolds, Rep. Jay Steagall (R-Yukon), and Sen. Shane Jett (R-Shawnee), this initiative isn’t about reckless giveaways but a calculated strike against government bloat, liberating hard-earned dollars from bureaucratic clutches to fuel free-market dynamism. Here at the Sooner Sentinel, staunch defenders of limited government and rock-bottom taxes, we hail SQ842 as a masterstroke: it slashes a regressive tax that stifles home ownership, injecting those savings back into the economy where they multiply through voluntary spending, ultimately swelling consumption-based revenues far beyond the initial relief.

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Anderson proposes flat tax of 2.95%

By Staff Report

Oklahoma’s Sen. Patrick Anderson has filed Senate Bill 240 to replace Oklahoma’s current income tax structure with a flat tax of 2.95%.

Anderson asserts flat tax plan is simple, fair, and revenue neutral. Additionally, the plan would result in Oklahoma having the lowest income tax rate in the nation, among the 43 states that do impose an income tax.

SB 240 would eliminate all current income tax deductions, credits, and exemptions.  Under the proposal, the state income tax rate would be cut nearly in half, and yet there would be no loss of revenue to state government.   The Oklahoma Tax Commission has reviewed the numbers and determined that a flat rate of 2.95%, as Anderson has proposed, would be revenue neutral.

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