OKLAHOMA CITY — Scores of local Oklahoma retailers and small business leaders met with legislators Tuesday at the state Capitol for Oklahoma Retail Day to support state House Bill 2720, their top legislative priority this legislative session.
The legislation creates a fund for all revenue generated from closing the online-sales tax loophole to be used for future income tax relief.
Gov. Mary Fallin visited with local legislators at the Capitol.
“As a small business owner, I see this legislation as a win-win for the growth of my business and for my customers,” said Mike Thompson of Thompson Pools in Norman. “However, Congress must first pass legislation to prevent the government from picking winners and losers in retail marketplace.
“Oklahoma deserves the right to deal with their own fiscal matters, and Congress should grant them this authority with federal e-fairness legislation this year.”
Oklahoma Retail Day, organized by the Alliance for Main Street Fairness, gave local retailers the ability to lend their voices in support of the legislation, which would send a strong message to Congress to move on federal e-fairness legislation this year. Local retailers attended a breakfast with legislators and received a proclamation from Fallin.
“From the first days of our state when retail businesses sprung up overnight after the Land Run, Oklahoma has depended on our small businesses for much more than the products they sell,” said the legislation’s sponsor, Sen. Clark Jolley, R-Edmond. “With HB 2720, fewer loopholes and lower rates will be the key to long-term economic growth once Washington passes an e-fairness bill.”
Jolly said it is improtant to protect Oklahoma’s retailers.
“Small brick-and-mortar retailers are the backbone of our communities,” said Rep. Earl Sears, R-Bartlesville, who sponsored the legislation in the House.
Breaking news, severe weather alerts, AMBER alerts, sports scores from The Norman Transcript are available as text messages right to your phone or mobile device. You decide which type of alerts you want to receive. Find out more or to signup, click here.