Tax Credits’ Repeal Seems Unlikely

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Lawmakers’ attempts to eliminate tax credits that cost the state $225 million for fiscal year 2011 have stagnated.

Intense pressure from lobbyists has kept legslators from moving forward with plans to eliminate 44 tax credits and incentives identified by Gov. Mary Fallin.

Rep. David Dank, R-Oklahoma City, is co-chairman of the Task Force for the Study of State and Tax Credits and Economic Incentives, a group that met more than 10 times last summer to evaluate Oklahoma’s credit system. Dank said it is likely that none or very few will be eliminated.

To read more on the subject, read the original article by The Oklahoman’s Megan Rolland here.