Tax breaks for helicopter purchases, sporting events, pursued by Oklahoma lawmakers

Oklahoman Published: April 10, 2013
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OKLAHOMA CITY (AP) — While Republican legislators in Oklahoma continue wrangling over how to scale back costly tax credits, lawmakers are considering a handful of brand-new tax breaks for things like sporting events, constructing affordable homes and the purchase of helicopters.

Three separate tax breaks will be considered Wednesday in the House Appropriations and Budget Committee — including one for the purchase of helicopters that narrowly failed in the same committee just last week.

Altus Republican Rep. Charles Ortega has said the tax credit is designed to show state support for a helicopter training facility opening in southwest Oklahoma, even though he acknowledged the facility already is set for construction without the credit.

An analysis of the proposed tax credit shows it will cost the state about $1 million in the upcoming fiscal year.