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The Oklahoma Tax Commission (OTC) is the Oklahoma state government agency that collects taxes and enforces the taxation and revenue laws of the state. The Commission is composed of three members appointed by the Governor of Oklahoma and confirmed by the Oklahoma Senate. The Commissioners are charged with oversight of the agency but appoint an ...
The position was established, along with the Oklahoma State Cabinet, by the Executive Branch Reform Act of 1986. The Act directed the Secretary of Finance and Revenue to advise the Governor on financial policy and advise the state financial agencies on new policy as directed by the governor.
The Office of State Finance was created in 1947 by Governor of Oklahoma Robert S. Kerr to replace the State Budget Office. In April 2010, Governor Brad Henry appointed the Oklahoma's first chief information officer following legislation passed in the last session of 2009 modernizing Oklahoma's state government information technology system.
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This is an incomplete list of Oklahoma state agencies. The state agencies make up the machinery of government for the state. All agencies are within one of the three branches of the government of Oklahoma .
The speaker is an ex officio voting member that can participate in any committee vote. As a state representative, the speaker is entitled to participate in debate and to vote on the floor of the Oklahoma House of Representatives. Following the general election, the Secretary of State of Oklahoma transmits the results of the election to the speaker.
The Board is responsible for providing an estimate of all revenue that will be available for appropriation by the Oklahoma Legislature for the coming year fiscal year. The Governor, through the Oklahoma Office of State Finance , then uses that estimate to prepare and submit the State's annual budget for approval by the Legislature.
Income taxes are steadily increased as a major State revenue source since 1933 when the Oklahoma Constitution was amended to prohibit State-level taxation of property. Income taxes are now the largest source of revenue for the State government, accounting for approximately 38% of total state revenue - 32% from individuals and 6% from corporations.