Lawmaker Proposes Tax Breaks to Prevent Divorce
An Oklahoma lawmaker is hoping an income tax deduction will encourage people to stay married instead of getting a divorce.
Rep. Tom Newell (R-Seminole) introduced a bill that would allow to earn income tax deductions based on the length of their marriage.
The deductions would begin for 2015 taxes and are expected to cost the state $11.6 million.
Rep. Newell says he hopes his bill would ultimately encourage more Oklahomans to stay married and reduce the societal costs associated with divorce.
The House Appropriations Subcommittee on Revenue and Taxation voted 7-6 on Monday to approve the bill. The bill now heads to the full House Appropriations Committee.
Proposed Deductions by Years of Marriage
- 3 - $200
- 6 - $400
- 9 - $600
- 12 - $800
- 15 - $1000
- 20 - $1200
- 25 - $1400
- 30 - $1600
- 35 - $1800
- 40 - $2000
- 45 - $2200
- 50 or more years- $2400
The Associated Press contributed to this report.