Lawmakers to look at tax incentives

Ponca City Now - February 9, 2015 7:09 am

TULSA, Okla. (AP) – Facing a $300 million shortfall, Oklahoma’s elected leaders are vowing to re-examine the more than $1 billion in tax credits or incentives the state has had on its books for decades.

Senate President Pro Tem Brian Bingman of Sapulpa and House Speaker Jeffrey Hickman of Fairview have said that taking a closer examination of the incentives will be a priority this session.

The lawmakers want to analyze tax credits every four years to determine whether they are paying off.

Oklahoma Secretary of Finance and Revenue Preston Doerflinger said that while much of the legislation proposed each session is well-intentioned, the state has lacked an objective way to determine which ones are working the best for the state.

Doerflinger also is developing a tool that would re-examine the incentives regularly.

 

Latest Stories

Thunder post their highest point total of the season in 147-106 win over Wizards

By TIM WILLERT Associated Press OKLAHOMA CITY (AP) — Shai Gilgeous-Alexander scored 30 points and the...

Video shows Owasso nonbinary teen after attack in school bathroom, the day before their death

By KEN MILLER, PHILIP MARCELO, and JAMIE STENGLE Associated Press OKLAHOMA CITY (AP) — A 16-year-old...

Inside the enduring movie homes of Jack Fisk, production design legend

By JAKE COYLE AP Film Writer NEW YORK (AP) — Jack Fisk, the legendary production designer,...