October 11, 2012 | 6:15 am
State Question 766: What An Oklahoma Hamburger Chain Can Teach Us About Intangible Property Taxes
Intangible property is everywhere.
An item’s intangible value is determined by its non-physical attributes. Telecommunications and utility companies’ transmission lines are worth more than the material they’re made up of. They have an intangible value.
In November, Oklahoma voters will decide State Question 766, which would ban the taxation of intangible property. The failure of 766 could mean big new taxes on businesses across the spectrum, but education officials worry that Oklahoma’s schools will suffer if the initiative passes.
StateImpact’s 2012 Ballot Question Handbook
Oklahoma’s economically important state and county ballot questions — explained.