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Drastic reactions to confiscatory taxes Published: Sun, May 27, 2012 The Obama administration wants wealthy people to pay their “fair” share. “Fair” hasn't been defined by him or anyone in his administration. However, we know it translates to paying more earned money to the federal government. Let's explore how wealthy people react to confiscatory taxes. One Facebook... Read More
Oklahoma Legislature: Tax-cut quotes Published: Sun, May 27, 2012 A look at what's been said about plans to reduce the state's personal income tax rate. Read More
Bank of Oklahoma subsidiary focus of Tax Commission audit Published: Sun, May 27, 2012 Oklahoma taxpayers may be out up to $160 million because a company is claiming it should have gotten tax credits on an $800 million investment made four years ago. Read More
Oklahoma venture capital tax credits explained Published: Sun, May 27, 2012 Venture capital tax credits are tax breaks granted to specialty investment companies in exchange for them investing in certain types of new or expanding Oklahoma businesses. Read More
Republicans lose chance to cut Oklahoma's personal income tax Published: Sun, May 27, 2012 When the session started in February, it seemed inevitable that the personal income tax cut would be reduced. The Republican-controlled Legislature and the GOP governor all supported reducing the tax, but weren't prepared for the opposition they received. Read More
Republican candidates in Oklahoma's 2nd Congressional District race embrace their party's goals on budget, Medicare Published: Sun, May 27, 2012 Running to succeed U.S. Rep. Dan Boren, the only Democrat in Oklahoma's congressional delegation, 2nd District Republican candidates aren't running away from the deficit-reduction blueprint passed by the Republican-led House. Read More
Edmond City Council will vote on budget Tuesday Published: Sat, May 26, 2012 The 2012-2013 fiscal year budget will be considered by the Edmond City Council Tuesday. Read More
Workshop on Edmond Public Safety Center is set for Tuesday Published: Sat, May 26, 2012 Edmond City Council members are planning a workshop on finding a location for the new $25.5 million public safety center on Tuesday. The workshop will begin at 3 p.m. at 20 S Littler Ave. Read More
Oklahoma Supreme Court overrules state Tax Commission on electric vehicle credits Published: Sat, May 26, 2012 Friday's Oklahoma Supreme Court opinion says taxpayers who purchased Tomberlin brand electric vehicles and were denied tax credits should receive them after all. It applies to about 735 people. Read More
Oklahoma colleges, universities face flat budgets in upcoming fiscal year Published: Sat, May 26, 2012 The Oklahoma Regents for Higher Education on Friday passed a budget for Oklahoma's higher education system that is roughly the same as the budget for the current fiscal year. The budget is based on a $955.26 million allocation for higher education included in the state's budget for fiscal year 2013. Read More
Oklahoma Senate adjourns slightly early after waiting on House Published: Fri, May 25, 2012 The Oklahoma Senate already had considered most of the key legislation by Friday — the last day of the four-month legislative session — and moved quickly, with few questions and fewer debates on bills before they were passed, often with unanimous consent. Read More
Oklahoma court rules cars eligible for tax credit Published: Fri, May 25, 2012 OKLAHOMA CITY (AP) — The Oklahoma Court of Civil Appeals on Friday overturned a state Tax Commission ruling that certain electric cars were not eligible for a state tax credit. The court's decision orders the Tax Commission to grant the credit for the 2009 tax year to nine parties who filed lawsuits when the... Read More
Facebook is latest example of U.S. economy's dynamism Published: Fri, May 25, 2012 THE saga of Facebook's initial public offering has been fascinating. Those who had the chance to invest in the company during its early days are now millionaires, leading many to wish they were among that crew in a business-world version of lottery winner envy. Truth be told, we doubt most of us would have seized... Read More
Oklahoma lawmakers spike sensible child-support bill Published: Fri, May 25, 2012 Occasionally, legislative votes are real head-scratchers. Opposition to a child support measure certainly falls into that category. House Joint Resolution 1113, by state Rep. Jason Nelson, R-Oklahoma City, would have approved Department of Human Services rules allowing the agency to recoup part of the cost of... Read More
Canadian County crop duster files lawsuit against developers of planned wind farm in Oklahoma Published: Fri, May 25, 2012 A planned electricity transmission line for the Canadian Hills Wind project will affect the flight operations of a local crop duster, the company said in court filings. But Apex Wind Energy Inc. said it has obtained the proper easements and permission from federal aviation authorities. Read More
Oklahoma voters will decide whether businesses pay intangible tax Published: Fri, May 25, 2012 The House of Representatives voted 65-29 Thursday to pass Senate Joint Resolution 52. Now voters will decide whether to eliminate taxes on the intangible property of about 200 Oklahoma companies. Read More
Oklahoma's personal income tax rate won't be cut this year Published: Fri, May 25, 2012 Gov. Fallin says she won't call a special session. House and Senate Republican legislative leaders are deadlocked. Read More
U.S. government proposes rules to reduce food stamp fraud Published: Fri, May 25, 2012 Food stamp fraud costs U.S. taxpayers about $750 million a year. Read More
Oklahoma Regents chairwoman: Flat higher education funding could spell tuition increases Published: Fri, May 25, 2012 Oklahoma State Regents for Higher Education Chairwoman Julie Carson said Thursday a budget bill that doesn't offset rising mandatory expenses means colleges and universities will likely have increase tuition. Read More
Budget bill wins approval in Oklahoma House Updated: Thu, May 24, 2012 Five Republican House members switched their votes and another GOP member who had been absent for the first vote voted for an Oklahoma budget bill during the second vote. The budget bill, which won Senate approval on Tuesday, now heads to the governor. Read More
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