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All Posts Tagged Tag: ‘sunset’

Ten-year extension of film industry rebate program on way to Senate floor (access required)

A House measure that would extend for 10 years the state’s expenditure rebate program for film companies that make movies in Oklahoma gained passage out of the Senate Finance Committee Tuesday, but support was not unanimous.

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Mazzei bill aimed at saving capital gains tax break, lowering rate (access required)

A measure filed by Sen. Mike Mazzei would apply Oklahoma’s capital gains tax break law equally to sales of state-located property owned by both Oklahoma and out-of-state taxpaying entities.

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Film rebate extension measure draws impassioned opposition, passes without emergency (access required)

As Oklahoma business incentives go, the state’s film production rebate program, currently capped at $5 million per year, is relatively small. However, an effort to expand the cap to $10 million ran into heated debate Wednesday from at least two groups: those who argue it does not require the creation of jobs or other criteria and those who object to …

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Senate income tax-cut plan deep-sixed in House revenue and tax subcommittee (access required)

A Senate plan to reduce the state personal income tax from 5.25 percent to 4.75 percent over two years gained only two votes in a House subcommittee Monday evening, with 11 members voting against it.

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Do you like your ‘Big Bird’ original or extra-crispy? (access required)

He’s about eight-feet tall with bright yellow feathers, but a major Sesame Street character apparently has a lot of admirers in the state House—and by the end of one of the more passionate debates of a contentious week Thursday, he seemed to be in the catbird seat, so to speak. For a time, it did not appear so.

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Mazzei bill sunsetting 33 tax credits clears Senate finance panel (access required)

Some Oklahoma tax credits have sunset dates, beyond which they expire if not renewed by legislative action. “A lot of them do not,” Sen. Mike Mazzei told the Senate Finance Committee Tuesday. Mazzei, R-Tulsa, said his SB 323 will call for an analytical process to be applied to all tax credits, with extension of those that meet economic and other …

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Working on … (access required)

Senate Judiciary Committee approves measure banning use of foreign law in Oklahoma courts. Mazzei bill sunsetting numerous tax credits clears Senate Finance Committee. State collects $578.3 million in general revenue in January, 10.2 percent more than the same month last year and highest monthly total for the first seven months of FY 2013.

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Dank taking roll-out approach to tax credit issue this session (access required)

Rep. David Dank has a new strategy for cleaning up the state tax credit system. “The approach that I’m trying to take this year is to set some time out in the future,” he said. “What I’d like to do first is establish criteria for all tax credits and incentives—with the primary thing being jobs, but with such things as cost-benefit …

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House vote gives OETA two-year extension (access required)

Discussion of whether the Oklahoma Educational Television Authority should remain a state entity is not new, but the debate has intensified this session.

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Aldridge: ‘Not trying to kill OETA’ (access required)

The bill to restrict the continued authorization of the Oklahoma Educational Television Authority finally made it to the Senate floor Wednesday, carried by Sen. Cliff Aldridge, R-Midwest City.

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