EXPLAINER | Task Force for the Study of State Tax Credits and Economic Incentives
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Task Force for the Study of State Tax Credits and Economic Incentives

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 forceā€™s charge is to assess the economic value of Oklahomaā€™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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