Local & Regional
Wed September 12, 2012
Oklahoma Lawmaker Resumes Review of Tax Incentives
OKLAHOMA CITY (AP) — An Oklahoma lawmaker who fought unsuccessfully during the legislative session earlier this year to eliminate dozens of state tax breaks for various industries is picking up where he left off.
Republican state Rep. David Dank of Oklahoma City will chair the House Tax Credit and Economic Incentive Oversight Committee that meets Wednesday for a briefing by officials with the Oklahoma Tax Commission and the Commerce Department.
Dank chaired a series of meetings last year on some of the dozens of tax credits and exemptions the state hands 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.
Copyright 2012 The Associated Press.