Tax Credit Scrutiny Bill Fails in Committee
Oklahoma House panel votes down measure to review tax credits
Oklahoma Rep. David Dank, R-Oklahoma City, has spent the past seven years looking into business tax credits. He said House Bill 1371’s defeat likely ends his battle to have Oklahoma cut back on business tax credits.
By Michael McNutt | Published: February 12, 2013
A legislative panel rang the death knell Monday on a lawmaker’s seven-year crusade to scrutinize business tax credits by rejecting a bill that targeted 32 credits to pass legislative muster to continue.
“The lobbyists win,” state Rep. David Dank said after the House of Representatives Subcommittee on revenue and taxation voted 10-3 to not advance House Bill 1371. “They continue to win.
“The legislators do not have the will to look at the multimillions of dollars that are being given away in tax credits and determine which ones are benefiting the state and which ones aren’t,” he said.