Jolley passes legislation protecting taxpayers from higher tax burden

April 24, 2014
Campaign Release

Yesterday, the Oklahoma State Senate gave unanimous approval to legislation authored by State Senator Clark Jolley that is aimed at countering the impact of proposed Federal Legislation taxing Internet sales. This ‘taxpayer protection legislation’ was passed on the heels of Jolley’s support and vote in the Senate on Tuesday to reduce the state’s top individual income tax rate from 5.25 percent to 5 percent.

Jolley, a long-time advocate for lower taxes, has signed the “Taxpayer’s Protection Pledge”, a pledge to oppose any and all tax increases. The tax rate reduction legislation he supported on Tuesday and his legislation to protect Oklahomans against Internet sales taxes have been priorities for Jolley as he continues his fight to protect families from higher taxes.

“The problem is not that Americans are paying too little in taxes, but that Americans are paying too much in taxes,” said Jolley. “The legislation that was passed yesterday, and the tax reduction legislation passed in the Senate on Tuesday, reaffirms my commitment to lowering taxes for American families.”

Jolley’s legislation that was passed creates the “Marketplace Equalization Fund”, which would only become effective if Congress approves the Marketplace Fairness Act of 2013. The federal Marketplace Fairness Act of 2013 would require Internet sales tax collections on businesses that don’t have a substantial physical presence in the state. Jolley’s legislation would require that those state sales tax collections be put in a special fund that will be used to decrease state income taxes.

“The federal legislation on Internet sales taxes would undoubtedly result in increased collection of state sales taxes, and increase the state tax burden on Oklahomans,” said Jolley. “The bill I authored and was passed yesterday in the Senate puts those state sales tax collections in a special fund that will be used to decrease state income taxes. This ensures Oklahomans won’t have to pay more to the state government-- especially when we are already over-taxed by Washington as it is.”

Jolley, Chairman of the Senate Appropriations Committee, said that this legislation would now go to conference to finalize the new language to give Oklahomans the maximum protection possible.

Clark Jolley has a strong and unwavering record of lowering taxes. He has voted for every decrease of the Oklahoma income tax that this state has seen in the last eight years. Jolley has also voted for lower property taxes, lower taxes on business and eliminating the unfriendly franchise tax for almost all businesses