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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

In the Transferable Tax Credit Market, Transparency is Not Part of the Trade

State Rep. David Dank (R-Oklahoma City) presides over a meeting of the Task Force for the Study of State Tax Credits and Economic Incentives.

A legislative task force’s final report could make it harder for some Oklahoma companies to avoid paying their full tax bill, a legal dodge that has cost the state millions in tax revenue. State Rep. David Dank, R-Oklahoma City, has been trying to shed light on transferable tax credits for months. His beef is that [...]

A Guide to the Great State Income Tax Debate

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The individual income tax is under attack in Oklahoma. It’s the state’s largest source of tax revenue, but some groups and top lawmakers say eliminating the personal income tax would help Oklahoma grow and help the state attract and retain jobs. StateImpact Oklahoma has assembled a guide to bring you up to date on the [...]

OK’s Income Tax Too Important to Abolish, University Economists Say

Abolishing Oklahoma’s personal income tax could have severe fiscal consequences, a group of university economists told a legislative panel Thursday. To even propose abolishing the income tax — which accounts for about one-third of state funding and is the state’s largest single revenue source — is “willful ignorance,” said Alexander Holmes, chair of the University [...]

Billions in State Tax Breaks, But No Complete List

Steve Conrad, owner of Conrad Farms, shows off the tractor he converted to pick spinach.

When Oklahomans fill out their state tax forms, most receive some form of break on what’s owed, whether it’s credits, deductions or exemptions on income, sales, excise, franchise or gross production taxes. So just how many tax and fee breaks does Oklahoma have on the books? StateImpact Oklahoma has been asking for a few months [...]

Three Takeaways From the Tax Credit Task Force Meeting

Tax credits were created to help Oklahoma's coal industry compete with other states, namely Wyoming.

The tax credit task force resumed its mission on Wednesday and examined a trio of tax breaks for Oklahoma’s energy industry. The first two, the Zero Emission Facility Tax Credit and the Small Wind Turbine Manufacturing Tax Credit, dealt with wind energy. The task force’s second session focused on the Coal Production Tax Credit. Beyond [...]

Chambers of Commerce: Income Tax Elimination Won’t Guarantee Economic Activity

Gov. Mary Fallin and other lawmakers are pushing to reduce or eliminate Oklahoma personal income tax, which they say would make the state more attractive to businesses.

Eliminating the personal income tax won’t guarantee economic activity, a trio of business professionals told a legislative task force Thursday, the Tulsa World reports. The Task Force on Comprehensive Tax Reform was told that any effort to eliminate or drastically reduce the state personal income tax should be revenue neutral and should not involve shifting [...]

What We Learned About Film Incentives at Wednesday’s Tax Credit Task Force Meeting

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A filmmaker, screenwriter and general contractor joined tourism officials at the state Capitol on Wednesday to defend rebates created to bring movie productions to Oklahoma. The supporters spoke to the 10-member tax credit task force, which is examining the economic value of various tax credits and incentive programs. Qualifying movie projects can receive a rebate [...]

Polled Okies Give State’s ‘Premier’ Incentive Program a Mixed Review

While Oklahoma voters like the idea of state-funded financial incentives for private companies, they’re less certain about the success of the state’s “premier” jobs creation program, according to a survey commissioned by Oklahoma Watch. The SoonerPoll.com survey polled 587 likely voters in July and August. The poll showed that 34.6 percent of those surveyed said [...]

Oklahoma vs. Texas: A Red River Rivalry … of Taxes?

Oklahoma is chasing...

Despite a storied sports rivalry that continues again this weekend, Oklahoma lawmakers have a long history of talking up Texas. Lonestar State-shaped tax reforms remain in the playbook today, a decade after our state’s Texas envy created a political frenzy.

StateImpact Oklahoma Talks Tax Credits on OETA’s Oklahoma Forum

StateImpact Oklahoma was on OETA’s Oklahoma Forum over the weekend to discuss economic incentive tax spending with host Dick Pryor. Also on the show: State Rep. David Dank, R-Oklahoma City, co-chair of the tax credit task force, and Oklahoma Watch’s Warren Vieth, a reporter who has investigated Oklahoma tax credits.

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