Recent Articles

Earned Income Tax Credit

The Earned Income Tax Credit (EITC) is a tax credit that subsidizes work for low-income families. The EITC is the nation’s largest cash or near cash assistance program after the Supplemental Nutritional Assistance Program (SNAP). Together with the Child Tax… Read more [More...]

Revolving Funds

A revolving fund is a fund of a specific government agency or entity, created by law, that collects revenues from fees and other sources and supports expenditures of that agency or entity. Agencies generally may exercise greater control over the… Read more [More...]

Motor Vehicle Taxes

Oklahoma’s motor vehicle taxes are a combination of an excise (sales) tax on the purchase of a vehicle and an annual registration fee in lieu of ad valorem (property) taxes. Until 2017, motor vehicles were fully exempt from the sales… Read more [More...]

Corporate Income Tax

Oklahoma’s corporate income tax is set at a flat rate levied upon the taxable income of every corporation doing business within the state or deriving income from business within the state. The rate has historically been set at 6 percent,… Read more [More...]

Striking Title

Striking title is a common procedural maneuver in the Oklahoma Legislature. It is used especially on bills that impact the state budget or bills that are considered to be works-in-progress. The Oklahoma Constitution requires that every bill contain a concise… Read more [More...]

Supplemental Appropriation

A supplemental appropriation is funding approved by the Legislature for a state agency in the middle of a fiscal year, in addition to funds already provided in that year’s initial state budget. Supplemental appropriations generally are made to cover emergencies or unanticipated… Read more [More...]

Ad Valorem Manufacturing Exemption

In 1985, Oklahoma voters approved State Question 588 with a 69.7 percent majority. This created the ad valorem manufacturing exemption. Under Article X, Section 6B of the Oklahoma Constitution, all real and personal property that is necessary for the manufacturing… Read more [More...]

The con-con con

A proposal that could lead to far-reaching and radical changes to America’s time-tested constitution is being pushed in states across the country this year. Oklahoma would be well-advised to resist jumping aboard this particular train. In Oklahoma and other states,… Read more [More...]

Higher Education: A sound investment towards Oklahoma’s economic prosperity (Guest Post: Michael Thomas)

Michael Thomas is one of four 2014-2015 OK Policy Research Fellows. Michael is a Master’s student in the Higher Education and Student Affairs program at Oklahoma State University. He works as a Graduate Research Assistant for the department of Graduate… Read more [More...]

One-year price tag for oil and gas tax breaks to exceed $500 million

The cost of tax breaks for the oil and gas industry will exceed $500 million this year, according to projections recently released by the Oklahoma Tax Commission. This is substantially more than the projections made a year ago, reflecting the… Read more [More...]