“The impact is expected to grow in the coming years as more companies claim exemption status and as our economy becomes more service- and technology-centered.”
-Trish Williams, Tulsa Public Schools chief financial officer, on the new tax exemption for intangible property created by SQ 766. The exemption is estimated to cost schools more than $40 million this year. (Source: http://bit.ly/1cG1V3v)