Share “Oklahoma House reverses course on...”

Oklahoma House reverses course on filmmaker tax rebates

One day after narrowly defeating a tax incentive bill designed to attract movie productions to the state, the Oklahoma House of Representatives reversed course Tuesday and approved the measure.
by Randy Ellis Published: March 5, 2014
Advertisement

State Rep. Todd Thomsen, the bill’s House author, said he believes lawmakers who voted against the bill on Monday received a lot of calls from constituents wanting them to change their minds.

“I think as those individuals had opportunities to talk to various members, they were able to cut through some of the rhetoric and misinformation,” said Thomsen, R-Ada.

The bill would extend for 10 years a program that allows filmmakers to receive tax rebates of up to $5 million a year on money spent on movie productions in Oklahoma. Current law, which is scheduled to expire July 1, allows filmmakers to recoup $1 for every $3 spent in the state up to the program’s limit.

The movie industry directly spent $35.1 million in Oklahoma last year, Thomsen told House members.

“I think it is a proven program that benefits our state financially, but also helps create an industry that diversifies our state’s economy and revenue stream,” Thomsen said.

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...
+ show more


,

Trending Now


AROUND THE WEB

  1. 1
    Randy Krehbiel: Sen. James Lankford puzzled by president's immigration remark
  2. 2
    James Harden suspended 1 game for kicking LeBron James in the groin
  3. 3
    WPX Energy cutting its workforce by 83 positions systemwide, including 44 in Tulsa
  4. 4
    Rep. Sally Kern's bill to protect 'gay conversion' therapy evokes controversy
  5. 5
    Tulsa police seek man accused to exposing himself, touching 9-year-old girl at Wal-Mart
+ show more