Download this fact sheet as a printable pdf here.
Read about the rest of OK Policy’s 2019 Legislative Policy Priorities here.
Oklahoma law provides for a 100 percent deduction from state income tax of any gains from the sale of…
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By:
Gene Perry
April 5, 2018 // Updated: May 2, 2019
Oklahoma’s capital gains deduction is the most expensive tax incentive in the state, according to reports from the Oklahoma Tax Commission. In 2015-2016, this deduction cost $105 million, and it led to an estimated $474 million in forgone tax revenues from 2010…
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By:
Guest
February 26, 2018 // Updated: May 2, 2019
Cynthia Rogers, PhD, is a professor of economics at the University of Oklahoma and a commissioner on the State of Oklahoma’s Incentive Evaluation Commission.
The Capital Gains Tax Deduction allows Oklahoma taxpayers to avoid paying taxes on income from the…
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By:
Gene Perry
January 25, 2018 // Updated: May 2, 2019
See the full list of our 2018 policy priorities.
Download this fact sheet as a PDF.
Background
Oklahoma’s historical tax rate on oil and gas drilling is 7 percent, but a special tax break gives the industry a 2 percent…
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By:
David Blatt
October 10, 2017 // Updated: May 2, 2019
A tax break that benefits a small number of wealthy taxpayers and costs the state of Oklahoma around $100 million per year cannot “be credibly shown to have significant economic impact or a positive return on investment for the State,”…
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By:
Guest
October 19, 2016 // Updated: May 2, 2019
Carl Davis is Research Director at the Institute on Taxation and Economic Policy (ITEP), a non-profit, non-partisan research organization that works on federal, state, and local tax policy issues.
When is a charitable contribution not a “donation” at all? If a taxpayer…
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By:
Gene Perry
June 23, 2016 // Updated: May 2, 2019
One of Oklahoma’s largest tax breaks got no attention from legislators last year, despite its questionable legality, its questionable benefit for the economy, and a $1.3 billion budget shortfall that inspired legislators to go after many other tax breaks and…
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By:
Mark Lash
July 23, 2014 // Updated: May 2, 2019
Mark Lash is a retired federal employee who follows Oklahoma policymaking. He has previously written about the Quality Jobs Program for the OK Policy Blog.
Download the full report here.
According to a New York Times report, state and local…
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By:
Mark Lash
November 18, 2013 // Updated: May 1, 2019
Mark Lash is a retired federal employee who follows Oklahoma policymaking, tries to understand it, and sometime even writes about it. See Mark’s previous post about the Quality Jobs Program here.
Oklahoma’s Quality Jobs Program began in 1993 and has…
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By:
Mark Lash
October 21, 2013 // Updated: January 19, 2019
Mark Lash is a retired federal employee who follows Oklahoma policymaking, tries to understand it, and sometime even writes about it.
Oklahoma’s Quality Jobs Program began in 1993. In fiscal year 2013, it paid incentives of $78.9 million to Oklahoma…
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