GOVERNOR'S PLAN SENATE GOP'S          PRO-GROWTH PLAN
Net Tobacco Tax Net 55-cents per pack ($140 million) Net 99-cents per pack ($240 million)
     
Tribal vs. non-tribal retailers 20-mile border provision True equality by allowing non-tribal and tribal retailers collect at same rate (QuickTrip "parity" language)
     
SQ 640 Requirements Little chance of three-fourths majority vote by the Legislature to meet SQ 640 requirements Realistic chance of obtaining a three-fourths majority in the Legislature.
     
Tobacco Tax expenditures $138 million TOTAL $153 million TOTAL
$50M for provider rates $50M for provider rates
$50M premium assistance plan $50M premium assistance plan
$8.5M for Trauma Care $13.5M for Trauma Care
$7M debt service for Cancer Center $7M debt service for Cancer Center
$4M for OSU-Tulsa telemedicine program $4M for OSU-Tulsa telemedicine program
$3M for Tulsa indigent care $13M for Tulsa indigent care
$6M for adolescent substance abuse treatment $6M for adolescent substance abuse treatment
$5M to reimburse city/county hospitals $5M to reimburse city/county hospitals
$2M for ER physician reimbursement to 90% of Medicare $2M for ER physician reimbursement to 90% of Medicare
$2.5M to implement "Katie Beckett" waiver $2.5M to implement "Katie Beckett" waiver
     
Tax Relief $71.9 million total (Annualized FY2005 tax relief) $159.1 million total (Annualized FY2005 tax relief)
Immediate implementation exemption for Oklahoma-sourced capital gains ($37.3M) Immediate repeal of the entire capital gains tax ($124M)
Immediate implementation of retiree tax cut ($34.6M) Immediate implementation of retiree tax cut ($34.6M)
Eliminate income tax trigger to set marginal rate 6.65% ($0.00) Eliminate income tax trigger to set marginal rate 6.65% ($0.00)
No estate tax relief Immediate acceleration of estate tax exemption to $1M ($500,000)
No income tax relief Starting in FY2006, phase down the state income tax to 5.9%. (Reduction will occur annually using all growth revenue above inflation and population growth until fully implemented.) (Estimate pending.)