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Oklahoma House committee guts bill to eliminate franchise tax

A bill to eliminate Oklahoma’s corporate franchise tax was gutted Wednesday by the House Appropriations and Budget Committee.
by Randy Ellis Published: March 27, 2014
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Other legislation

In other action Wednesday, the House Appropriations and Budget Committee passed a half dozen bills that would eliminate several types of tax credits in 2017 unless they are brought up again and renewed before their sunset dates. Tax credits for the banking industry, employers with injured employees, child care providers and electronic fund transfers were among those covered by the sunset provisions.

However, the committee voted 19-4 to reject a similar sunset bill that would have eliminated tax credits for aircraft manufacturing and maintenance facilities in 2017 unless the credits were extended before the deadline. Lawmakers said they didn’t want to take any action that might cause American Airlines to move its Tulsa maintenance facility.

The committee also voted to extend a tax credit for aerospace companies and aerospace engineers until 2018.

The bills that passed will now go to the full House for consideration.

by Randy Ellis
Investigative Reporter
For the past 30 years, staff writer Randy Ellis has exposed public corruption and government mismanagement in news articles. Ellis has investigated problems in Oklahoma's higher education institutions and wrote stories that ultimately led to two...
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