Oklahoma lawmaker resumes assault on tax incentives
OKLAHOMA CITY (AP) — An Oklahoma lawmaker whose attempts earlier this year to eliminate dozens of state tax breaks for various industries failed — is resuming his effort.
Republican state Rep. David Dank of Oklahoma City led the House Tax Credit and Economic Incentive Oversight Committee on Wednesday. Officials with the Oklahoma Tax Commission and the Commerce Department reported on how the tax credits are claimed.
Dank chaired a series of meetings last year on some of the dozens of tax credits and exemptions the state hands out at a cost hundreds of millions of dollars each year.
The task force recommended several changes to the tax code that were never approved by the Legislature during the 2012 session after bitter resistance from lobbyists hired to protect the tax breaks.
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