OK HB2195

Amends 68 O.S. 2021, Section 2355 to modify individual income tax rates effective for taxable years beginning on or after January 1, 2026.

Changes the top tax bracket for single individuals and married filing separately from 0.25% to 0.00% on the first $1,000 of income, with subsequent brackets reduced by 0.25 percentage points (e.g., 0.75%, 1.75%, 2.75%, 3.75%, 4.75%).

Changes the top tax bracket for married filing jointly and heads of household from 0.25% to 0.00% on the first $2,000 of income, with subsequent brackets reduced by 0.25 percentage points, and increases the 3.75% bracket income range from $2,300 to $4,600.

Eliminates the federal income tax deduction for all taxpayers under the new tax structure beginning January 1, 2026.

Becomes effective November 1, 2025.