Oklahoma House panel formed to review tax credits
The second panel in two years will look at economic tax credits and incentives. A task force formed last year recommended eliminating transferable tax credits, but the Legislature failed to advance the proposal.
Economic tax credits once again will come under scrutiny by a special House panel.
An interim House of Representatives task force that met for five months last year suggested outlawing transferable tax credits and developing criteria for tax credits to meet, but the recommendations failed to advance in the session this year.
Failure to eliminate or reduce the tax credits also helped cripple attempts to lower the state’s personal income tax rate. Four proposals introduced during the session basically called for...
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