Senator Mike Johnson, R-Kingfisher
Senator Ron Justice, R-Chickasha
For Immediate Release: February 19, 2008
Sen. Mike Johnson
Sen. Ron Justice
Finance Committee Passes Bill to Speed
Up Elimination of Death Tax
State Capitol, Oklahoma City – The State Senate
Finance Committee voted 6-5 today to advance Senate Bill 1383
out of committee and to the Senate floor for debate. SB
1383 is a bill to speed up the elimination of the death tax in
Oklahoma that will have no impact on the upcoming budget year.
State Senator Mike
Johnson, R-Kingfisher and Senator Ron
R-Chickasha, praised the passage of SB 1383 by the Senate Finance
“The death tax remains a burden to farmers and small businesses
in rural Oklahoma, and Senate Republicans believe this tax should
be eliminated sooner rather than later. It’s encouraging
to have advanced a bill that will help rural Oklahoma,” said
Justice, the chairman of the Senate Republican Rural Caucus.
“It’s a tight budget year, so we structured this
bill to not impact the upcoming budget. It’s hopeful to
see that some families may soon see relief from the burden of
the death tax,” stated Johnson, the bill’s author.
SB 1383 would eliminate the death tax on January 1, 2009. Under
current law, the death tax, also known as the estate tax, won’t
be phased out until 2010.
For more information contact:
Senator Johnson's Office: (405) 521-5592