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State/Region

May 19, 2013

Legislators unlikely to tackle tax credits

OKLAHOMA CITY — Despite calls by several Oklahoma legislators to address hundreds of millions of dollars in state tax credits and exemptions for businesses and industries, little has been done.

And at the same time, other legislators are trying to write even more tax giveaways into state law for things like tickets and hospitality suites to sporting events and the sale of helicopters.

Rep. David Dank, R-Oklahoma City, sponsored a bill this session to ensure that hundreds of existing tax credits undergo more rigorous scrutiny, including pre-approval, expiration dates, fiscal limits and a requirement they actually create jobs. The bill was derailed in a Senate committee.

With two weeks left, several bills to create new tax credits and exemptions still are working their way toward the governor’s desk, including a measure that exempts taxes for the purchase of helicopters used for training. Other tax break bills are being considered for construction of “affordable” homes and for tickets and hospitality suites to certain sporting events.

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