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Rep. David Dank, R-Oklahoma City, presiding over a tax credit task force meeting.

Rep. David Dank, a Budget Bigwig

Background

David Dank, R-Oklahoma City, is an key lawmaker on state budget issues here in Oklahoma.

Joe Wertz / NPR StateImpact

Rep. David Dank, R-Oklahoma City, presiding over a tax credit task force meeting.

He’s a member of the House Appropriations and Budget Committee and chairs the Revenue and Taxation subcommittee.

Rep. Dank also co-chairs the Task Force on State Tax Credits and Economic Incentives — the tax credit task force — which is reviewing tax credits and economic incentives.

He’s no fan of tax credits that don’t have caps, adequate accounting or transparency, and firmly believes that economic incentives must equate to direct job growth.

Latest Posts

What Oklahomans Need to Know About the Escalating Oil and Gas Tax Debate

A tax credit for horizontal drilling expires next year, and, as we’ve reported, the looming deadline has spurred lawmakers to discuss overall changes to Oklahoma oil and gas taxes. Or, as State Treasurer Ken Miller puts it, an “opportunity to modernize the state’s energy tax policy.” A 7 percent tax is levied on most oil [...]

Tax Credit Conflict Illustrates Disconnect Among Many Oklahomans

Oklahoma’s tax policy debate continues again this year. And, once again, state Rep. David Dank, R-Oklahoma City, is leading a task force charged with examining tax credits and economic incentives. Last year, Dank’s Tax Credit Task Force recommended reining in the tax credits with constitutional amendments, increased auditing and performance measures, and the outright elimination [...]

Three Reasons Oklahoma’s Income Tax Cut Plan Failed

Income Tax

After months of debate, discussion and rancor from lawmakers, business leaders and think-tank activists, the state legislative session will close today without an income tax cut. Cutting the personal income tax was a top priority for Gov. Mary Fallin and Republican legislators. More than a half-dozen income tax-cutting measures were filed. Some contained immediate reductions; [...]

Strong Lobbying Kills One Tax Credit Measure

Rep. David Dank, R-Oklahoma City, closes out the final tax credit task force meeting in 2011.

One measure to end transferable tax credits was rejected Thursday by a state House subcommittee, which might predict trouble for proponents of reducing Oklahoma’s income tax. Several bills filed to reduce the top income tax rate depend on eliminating most tax credits to offset the lost revenue. And the lobbyists were out in full-force.

Oklahoma Film Incentives: Too Small to Cut?

Jessica Alba, Casey Affleck and Kate Hudson at the after party for "The Killer Inside Me," which was filmed in Oklahoma and recieved state subsidies.

In states across the country, subsidies and tax credits for film projects are being left on the cutting room floor. Oklahoma’s $5 million incentive program — which was among those scrutinized by the tax credit task force — is at risk, and state filmmakers and supporters are fighting back, according to Oklahoma Watch, which reports [...]

State Tax Credits Formally Taken to Task

Three formal proposals and a constitutional amendment to rein in tax credits and economic incentives were unveiled Thursday at the state Capitol. House Bill 2976, would extend by two years a current moratorium on about 30 tax credits, which would give legislators time to assess each tax credit individually, said state Rep. David Dank, co-chair [...]

The Three Biggest OK Chambers’ Letter of Task Force Opposition

The Task Force for the Study of Tax Credits and Economic Incentives approved its final report on Wednesday, but opposition has already started. As we reported yesterday, Oklahoma’s three biggest chambers of commerce recently sent a letter to the task force co-chair arguing against some several of the panel’s key recommendations. CapitolBeatOK’s Patrick B. McGuigan [...]

The Task Force is Done, But the Tax Credit Battle Has Just Begun

Caption

The tax credit task force on Wednesday formally approved its final report and a list of recommendations to be considered by Gov. Mary Fallin and the Legislature. Over months of meetings, the task force heard from industry insiders, small and large business leaders and state officials, who defended specific credits and incentives. The testimony was [...]

Three Small Biz Experts Agree on Internet Tax, Split on Income Tax

mazzei-TN

The tax reform task force heard from a trio of small business experts at its final meeting on Thursday. The panel is preparing a report for Gov. Mary Fallin and the Legislature. State Sen. Mike Mazzei, R-Tulsa, told the Tulsa World that the experts agreed on several points. Reporter Wayne Greene with the bullet points: [...]

Task Force Recommends Reigning-In Tax Credits and Incentives

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The tax credit task force on Wednesday approved a list of strict controls on economic incentives. The 10-member panel is still hashing out the specific wording of a final report due later this month, but the members present at the meeting voted unanimously to approve several specific recommendations. The approved recommendations stem from state Rep. [...]

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