Meet the Tax Credit Task Force

Background

Mark Anderson / Flickr

The Tax Credit Tax Force, officially titled the Task Force for the Study of State Tax Credits and Economic Incentives, was empowered through a bill signed in May 2011 by Gov. Mary Fallin.

From July 1, 2011 to Jan. 1, 2012, the 10-member task force has authority to study all state tax credits and any economic incentive that affect state or local tax liabilities.

Co-chairs:
State Rep. David Dank and state Sen. Mike Mazzei

Members:
Rep. Earl Sears (R-Bartlesville)
Rep. Scott Inman (D-Del City)
Sen. David Myers (R-Ponca City)
Sen. Andrew Rice (D-Oklahoma City)
Ken Miller, state treasurer
Gary Jones, state auditor and inspector
Glenn Coffee, secretary of state
Preston Doerflinger, director of the Office of State Finance

The task force’s charge is to assess the economic value of Oklahoma’s tax credits. Basically: Does the economic benefit outweigh the loss in tax revenue?

The task force first met on Aug. 10 to discuss existing tax credits for building energy efficient homes and a five-year ad valorem tax exemption for manufacturers. Dank said recent proposed tax credits included incentives for charging electric cars, storm shelters and low-income housing.

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January 2, 2012

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A legislative task force is calling for cuts to Oklahoma’s top personal income tax level and the corporate income tax. Obviously, both measures would mean a loss of state tax revenue. To make up the difference, the Task Force on Comprehensive Tax Reform suggested eliminating dozens of tax credits and breaks, including the $1,000-per-person personal [...]

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December 23, 2011

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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 [...]

December 22, 2011

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December 5, 2011

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December 1, 2011

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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. [...]

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 [...]

November 30, 2011

From the State Capitol: Tax Credit Task Force Liveblog

Today, the task force will approve specific criteria by which to evaluate tax credits and economic incentives, and approve the form and content of its report to the state Legislature. Read the play-by-play here and be sure to follow us on Twitter @StateImpactOK.

November 29, 2011

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November 28, 2011

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