Tag: tax expenditures

The tax expenditure reform dog: Still not barking

Four months ago, a legislative task force chaired by Rep. David Dank and Sen. Mike Mazzei laid out an ambitious agenda for reforming Oklahoma’s tax expenditures. The group’s recommendations included ending tax credit transferability, enacting caps, sunsets, and regular audits… Read more [More...]

Keeping tabs on tax breaks

This post originally appeared on Oklahoma Watch as part of their Oklahoma Voices series. The legislative task force that has been studying tax breaks will vote on final recommendations at its November 30 meeting. Also appearing today on our blog… Read more [More...]

Tax Breaks: Setting out the case for and against

Note: The Task Force for the Study of State Tax Credits and Economic Incentives, created by HB 1285, is meeting over the interim to scrutinize tax credits. This blog post excerpts an OK Policy issue brief from last year titled… Read more [More...]

The Weekly Wonk – June 17, 2011

What’s up this week at Oklahoma Policy Institute? The Weekly Wonk is dedicated to this week’s events, publications, and blog posts. This week at OK Policy, we looked at what the Legislature did and did not do this session to… Read more [More...]

Can we stop the runaway train of tax expenditures?

In an earlier post, we discussed tax breaks that had been extended or newly created in the most recent legislative session. The governor promised to eliminate tax credits that “do not create jobs,” but there were no successful bills to… Read more [More...]

Guest blog (Tom Daxon): Putting tax expenditures on the right TRACC

From time to time, we use the OK Policy blog to post submissions we receive from Oklahomans who have interesting perspectives on important policy issues for the state. This entry is from Tom Daxon, an Oklahoma City CPA who served… Read more [More...]

Will the brakes be put on tax breaks?

There is definitely something in the air. Over the past several weeks, there has been a heavy flurry of attention paid to the state’s system of tax expenditures, the array of over 450 exemptions, credits, deductions and the like that… Read more [More...]

Learning from the Crisis (4): Capping and suspending tax breaks

As a result of Oklahoma’s severe budget shortfalls, every state agency and program is absorbing substantial budget cuts that are having a real impact on Oklahoma families and communities. But tax expenditures – the term encompassing the array of exemptions,… Read more [More...]

Making Oklahoma taxes fairer–from our Online Guide

We’re getting closer to launching the OK Policy Online Guide to Oklahoma Budget and Taxes, a comprehensive resource for understanding state and local government finance in Oklahoma. Most of the guide is factual in nature–how we collect tax dollars, how… Read more [More...]

Shine the light

If you are thinking about doing most anything in Oklahoma that could possibly be seen as encouraging economic development, chances are you’re eligible for a tax credit. The state offers tax credits for everything from  investing in small business venture… Read more [More...]