Oklahoma House panel votes to spare aerospace tax credit

 
By The Associated Press
Published: February 24, 2011

An Oklahoma tax credit for aerospace companies that hire engineers would be spared under a bill approved by a House committee.

The House Revenue and Taxation Committee voted 8-1 on Thursday for the bill, which now heads to the full House budget committee for consideration.

The aerospace tax incentive cost the state about $3.5 million during its first year. It was included in a list of tax credits targeted for ...


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