Business is a big deal in Oklahoma, and political talking points hinge on discussions over what policies will bring new ones here, and what practices might help existing ones expand. To that end, Gov. Mary Fallin and the Department of Commerce launched a website to survey Oklahoma employers about what’s hurting and helping business growth. [...]
Spending by state agencies on no-bid contracts increased 24 percent from fiscal years 2010 to 2011, a Tulsa World investigation has revealed. The paper’s Curtis Killman reports that about 74 state agencies issued 1,376 no-bid contracts worth about $126 million in FY 2011: Contracts were issued without bids for items ranging from $48,000 for photocopiers [...]
The Oklahoma Department of Commerce has updated its Business Incentives and Tax Information Guide, which details the rules, legislation and appropriations related to taxes and incentives. The updated version was released today and contains five key updates from the 2010 guide. Three of the updates involve state credits and incentive funds, while two are related [...]
One of the state’s largest insurance companies may have used a loophole in the law to take about $20 million in job creation tax credits from two separate economic development programs, according to an analysis by The Oklahoman. Farmers Insurance Co. Inc., based in Los Angles, received $9.6 million in Quality Jobs rebate payments from [...]
The Task Force for the Study of State Tax Credits and Economic Incentives had another meeting on Wednesday. Up for discussion were a pair of tax incentives, the Investment/New Jobs Tax Credit and the Quality Jobs tax rebate. The former was relatively unfamiliar to the task force, the latter routinely ballyhooed. There were four key points [...]
StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.
Learn More »