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Ted Wright -- last update 6/7/2007 (ChamberJune7.html)
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Copyright 2007 -- Collinsville, Oklahoma
Collinsville
Chamber of Commerce
June 7, 2007 State Representative Earl Sears |
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With his first 90-day (Feb-May) legislative session under his belt Rep. Earl Sears visited with the Collinsville Chamber of Commerce today. Sears described the lengthy process of over 3000 bills being introduced early in the session to only 371 that made it all the way beyond the Governor's desk. Some of those bills even made multiple trips to the Governor with revisions after being vetoed.
With only limited time today Rep. Sears cited these bills as the most significant: $7.1 Billion State Budget, Abortion, Tort Reform, Tax Relief, Teacher Retirement Fund Replenishment, Education Funding, Jessica's Law, Oklahoma Bio-Fuel Development, and Immigration.
Rep. Sears continues to solicit feedback and questions from his Collinsville constituents and says it has been an honor serving us.
FY-08 Oklahoma
Appropriations (By Committee): |
Oklahoma
Tax Relief:
|
Accelerate Income
Tax Reduction 2008 drop from 5.55% to 5.50% 2009 drop from 5.50% to 5.25% |
Alternative Child Credit |
Expand Exemptions from Franchise tax and reduces franchise tax base. |
3-day sales tax holiday (starts first Friday in August) for clothing and footware with a sales price of less than $100. Exempts purchases from local sales tax (to be reimbursed with state funding). |