The Norman Transcript

Letters

October 28, 2012

SQ 766 a pig dressed as a debutante

NORMAN — Editor, The Transcript:

About two weeks back, a commercial began running on television promoting passage of State Question 766. According to the message, passage of SQ 766 would cure a wide range of ills.

Without the changes sought, attacks could be made to levy taxes on everything from teaching certificates to college degrees and a number of other professional accomplishments.

The promotion even claims that this single change in the Oklahoma Constitution would curb so-called “reactionary judges,” keeping them from forcing citizens to pay for sex-change operations and for offenders to sue their victims.

The fact is that SQ 766 would amend Section 6A of Article 10 of the Oklahoma Constitution to exempt all intangible personal property from ad valorem property taxation. At present, that section exempts most intangible personal property from ad valorem property taxation while allowing taxation of certain properties.

To be clear, ad valorem property tax is a tax imposed upon the fair market value of real and personal property. By definition, intangible personal property is property whose value is not derived from its physical attributes but rather what it represents or evidences. For example, patents, inventions, formulas, designs, trade secrets, contracts, leases, mineral interests, custom computer software, trademarks, trade names, brand names and a few other intangible properties may be taxed as property. All other intangible property already is exempt under Oklahoma law.

Another important point, only the Oklahoma legislature has the authority to initiate and enact — with approval of the governor or a vote of the people — any taxes.

The only intangible property worth the time and effort to tax would be items of monetary value. Patents and copyrights both carry value due to the fact that use of or sale of anything included are limited to the owner.

Examples of patents having value include the Intel microchip, the automobile fuel injection system and many thousands of other items we use every day. Copyrighting is practiced by the NFL, Major League Baseball, the NCAA and practically every publishing and television network in the world.

Text Only | Photo Reprints
Letters
  • Nutritional article should be accurate

    I read with interest the July 13 article “Are low-carb diets really healthy?” by Cassidie Day. Unfortunately, a number of statements in this article were incorrect. The first problematic statement was, “Carbs are an essential nutrient ...

    July 29, 2014

  • Hospital story headline was too sensationalized

    Editor, The Transcript: On July 18, The Transcript ran a front page article with the headline “Lawsuit filed against Norman Regional — Civil suit alleges improper billing practices by NRH and contracted physicians groups.” As a first page ...

    July 29, 2014

  • Help better than commentary

    For the last seven years, I have helped run Hands Helping Paws, an animal welfare and rescue group that fosters Norman’s abandoned animals and advocates for spay and neuter initiatives to reduce our community’s problems with stray and ...

    July 27, 2014

  • Stick to the sports

    Editor, The Transcript: Why must we, especially us nice conservatives, be subjected to political commentary in a sports column? I hear/view Fox News routinely and find their coverage quite acceptable. I also hear/view CNN and MSNBC. I ...

    July 27, 2014

  • Corporation Commission should should evaluate quakes, fracturing

    Editor, The Transcript: Is your house at risk of being damaged in an earthquake because of fracking? Maybe. We’ve seen more earthquakes and tremors in Oklahoma seven months into 2014 than in the two previous years combined. At the same ...

    July 27, 2014

  • Norman can stop fracking before it escalates

    Editor, The Transcript: There are 163 fracked wells within Norman city limits. With growing attention to health and safety concerns, the city is considering changes to the existing oil and gas ordinance....

    July 27, 2014

  • We should be offended by things that matter

    Editor, The Transcript: I’m offended. Why you say? I live in the USA, in Norman — a great town. What could possibly offend me? I’ll tell you. It’s people that are offended by the most meaningless things (what to call an evergreen tree in ...

    July 27, 2014

  • James Garner will be missed

    Editor, The Transcript: Norman native son James Garner was a fine actor on stage, screen and television. I enjoyed the “Maverick” TV series and, in particular, the 1959 episode “The Strange Journey of Jenny Hill” in which the very popular ...

    July 25, 2014

  • Change some lines

    Editor, The Transcript: Looking at how our elected Republican friends are reacting to the refugee children crossing the border and now being housed in Lawton, I have a suggestion. Let’s edit the Christian Bible in several places to reflect ...

    July 21, 2014

  • New health care system demonized

    To the Editor: In October 2013, soon after we were asked to take over management responsibilities at our family business, we were visited by the company’s health insurance agent. She explained that a decision needed to be made regarding ...

    July 21, 2014