Oklahoma legislator David Dank wants all tax credits to undergo review
BY MICHAEL MCNUTT NewsOK.com
Saturday, February 09, 2013
2/09/13 at 6:05 AM
OKLAHOMA CITY - A legislator who cites lawmakers' failure to eliminate or reduce business tax credits as a key reason the state's personal income tax wasn't reduced last year is proposing that the incentives undergo a thorough review in the next two years.
"It is very clear that any effort to reduce state income taxes for all Oklahomans has run aground on the tax-credit issue," Rep. David Dank said. "We cannot give real tax relief to all while we continue to pass out hundreds of millions of dollars in questionable tax credits to a favored few."
Dank, R-Oklahoma City, has filed legislation to establish criteria in the next two years that would govern all existing and future tax credits, with a firm sunset date of July 1, 2014, beyond which all tax credits would be changed, reauthorized or eliminated.
"My plan would take a deliberate look at every tax credit and put in place a permanent set of rules that would assure that any tax credit, now or in the future, would have to return real dollars to the state," he said in a statement Friday.
Original Print Headline: Legislator wants all tax credits to undergo review
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