Income taxes lowered in new Okla. bills now in effect

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Capitol

OKLAHOMA CITY – More than 70 new bills go into effect in Oklahoma and across the nation Monday.

Among them, Oklahoma legislation that will provide for a state income tax reduction in 2015 and fund repairs to the State Capitol.

That bill sets aside $120 million in state income tax collections over the next two fiscal years.

The money will be used to pay for a major overhaul of the nearly 100-year-old State Capitol.

Other bills taking effect are several school safety measures, passed in the wake of the Sandy Hook shooting.