Post by pavel on Feb 3, 2016 6:57:16 GMT -6
OKLAHOMA CITY — Good luck with that tax reform, Oklahoma Legislature.
One day after Gov. Mary Fallin and Finance Secretary Preston Doerflinger outlined a grim program for overcoming a $900 million — and growing — reduction in revenue for the next state budget, the Senate Finance Committee had difficulty taking the first preliminary steps to eliminating or modifying a handful of tax incentives and exemptions.
The committee heard 10 bills concerning tax preferences of various kinds. Most of the bills only clarified that a particular preference had to be reviewed and approved by the Legislature by Jan. 1, 2018.
With a few exceptions, even that met resistance.
Read more: www.tulsaworld.com/news/capitol_report/senate-panel-takes-first-steps-toward-tax-reform-at-state/article_fe3763bc-4445-5a79-b90b-a5dc09ee3b0c.html
One day after Gov. Mary Fallin and Finance Secretary Preston Doerflinger outlined a grim program for overcoming a $900 million — and growing — reduction in revenue for the next state budget, the Senate Finance Committee had difficulty taking the first preliminary steps to eliminating or modifying a handful of tax incentives and exemptions.
The committee heard 10 bills concerning tax preferences of various kinds. Most of the bills only clarified that a particular preference had to be reviewed and approved by the Legislature by Jan. 1, 2018.
With a few exceptions, even that met resistance.
Read more: www.tulsaworld.com/news/capitol_report/senate-panel-takes-first-steps-toward-tax-reform-at-state/article_fe3763bc-4445-5a79-b90b-a5dc09ee3b0c.html