Rep. Cody Maynard
Inflation remains at a 40-year high, and House Republicans are committed to providing Oklahomans much-needed relief.
Americans across the nation are feeling the burden of the federal government’s out-of-control spending. States across the country are cutting taxes, including income taxes, and Oklahoma must take action to remain competitive economically.
Due to wise budgeting, Oklahoma is in a position to help provide relief to hardworking families. This is being done through a very systematic approach, just like Oklahoma Republicans have done for the past 15 years.
We must address inflation today without causing budget problems tomorrow. I authored two bills to provide tax relief for our state’s hardworking citizens.
First, House Bill 2697 is a provision in our current tax code that penalizes married couples in certain circumstances. These marriage penalties occur when the tax liability for a married couple filing jointly is higher than the combined tax liability of two individuals filing separately.
In other words, the marriage penalty is when a household’s overall tax bill increases due to a couple make the decision to marrying.
Did you know that Oklahoma is one of only 15 states with a marriage penalty in our tax code?
It is common sense: marriage should not penalize any taxpayer. I am running this bill to ensure Oklahoma’s tax code supports families and pro-family policies.
Next, I am authoring House Bill 1645. It repeals the corporate “throwback rule” in the Oklahoma Tax Code.
The “throwback rule” punishes businesses that sell out of state, encouraging them to relocate their headquarters or distribution facilities to other states. Over time, tax avoidance strategies eliminate most or all revenue gains from throwback rules.
Oklahoma is one of 21 states with throwback rules. Throwback rules are often uncompetitive and ultimately counterproductive. Eliminating this rule will strengthen Oklahoma’s economy and prevent avoidance and restructuring issues in the future.
This isn’t the government’s money—it’s your money. House Republicans and I are committed to getting more of it back to you.
I plan to continually inform you of what is happening at the Capitol. Again, thank you for electing me to serve District 21.
It is truly an honor and privilege to represent you at the State Capitol. As always, please do not hesitate to reach out to me with any concerns at 405-557-7366 or cody.maynard@okhouse.gov.
Rep. Cody Maynard, a Republican, serves District 21 in the Oklahoma House of Representatives, which covers Bryan and Marshall counties.