Oklahoma lawmaker criticizes premium tax credits - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

Oklahoma lawmaker criticizes premium tax credits

OKLAHOMA CITY (AP) _ The head of a state House committee that's scrutinizing millions of dollars in tax credits given to businesses and industries is questioning the growth in insurance premium tax credits.
 
   Rep. David Dank also questioned Wednesday whether the state should be reimbursing counties and schools for lost property tax revenue.
 
   Rep. David Dank said in a committee meeting that one of the insurance industry credits has grown from about $8.5 million in 2006 to almost $17 million in 2012. The credit goes to Oklahoma-based companies that employ a certain number of workers.
 
   Dank said the credit lacks the safeguards of the Quality Jobs Program, which offers incentives to businesses that meet targeted job requirements.
 
   He also noted the state shelled out $37 million to local entities for ad valorem tax reimbursement.

  • Local NewsNewsMore>>

  • GOP dealt stiff blow in Senate's bid to repeal 'Obamacare'

    GOP dealt stiff blow in Senate's bid to repeal 'Obamacare'

    Friday, July 28 2017 3:39 AM EDT2017-07-28 07:39:34 GMT
    Friday, July 28 2017 4:40 AM EDT2017-07-28 08:40:12 GMT

    The Senate has rejected a measure to repeal parts of former President Barack Obama's health care law.

    The Senate has rejected a measure to repeal parts of former President Barack Obama's health care law.

  • Russia sanctions bill gets heavy support, heads to Trump

    Russia sanctions bill gets heavy support, heads to Trump

    Friday, July 28 2017 3:59 AM EDT2017-07-28 07:59:30 GMT
    Friday, July 28 2017 5:29 AM EDT2017-07-28 09:29:25 GMT

    The Senate's decisive vote to approve a new package of stiff financial sanctions against Russia, Iran and North Korea sends the popular bill to President Donald Trump, who will be under pressure to sign it after weeks of intense negotiations.

    The Senate's decisive vote to approve a new package of stiff financial sanctions against Russia, Iran and North Korea sends the popular bill to President Donald Trump, who will be under pressure to sign it after weeks of intense negotiations.

  • Leading Disney parks 'Imagineer' Martin Sklar dies at 83

    Leading Disney parks 'Imagineer' Martin Sklar dies at 83

    Friday, July 28 2017 1:29 AM EDT2017-07-28 05:29:14 GMT
    Friday, July 28 2017 3:27 AM EDT2017-07-28 07:27:06 GMT

    Martin Sklar, one of the central figures behind Disney's theme parks around the world, has died at 83.

    Martin Sklar, one of the central figures behind Disney's theme parks around the world, has died at 83.

Powered by Frankly