Tag: Taxes

Tax break proposal for the disabled

January 16, 2020

State Sen. Adam Pugh, R-Edmond, has filed legislation to give a tax deduction to individuals and families contributing to an Oklahoma STABLE account, which is made possible by the federal Achieving a Better Life Experience (ABLE) program. Oklahoma STABLE accounts are tax-advantaged savings accounts for eligible individuals with disabilities. They have similar features to normal…

Editorial: Inconsequential casino taxation

December 5, 2019

Oklahoma’s tribal casinos are proud to announce they paid $138 million to the state as part of their exclusive gambling compact. That’s a lot of money. But it’s a pittance when you see revenue figures for 2018 – $2,300,000,000.00. In other words, the casinos are donating chicken feed when it comes to how much money…

OCPA: The tribal gambling compacts need renegotiation

November 28, 2019

OKLAHOMA CITY—A new report by the Oklahoma Council of Public Affairs (OCPA) highlights the need for Oklahoma to renegotiate its gaming compacts. “It’s clear from the data, Oklahoma casino operators are getting an incredibly special deal,” said Jonathan Small, OCPA president. “I encourage everyone to read this report. After doing so, there should be no…

Tax vote

November 21, 2019

On a record-setting cold temperature November 12, about 14% of the registered voters in the City of Tulsa approved $639,000,000.00 in new taxation. About 29,000 of Tulsa’s 201,245 registered voters bothered to cast a ballot November 12. The new taxes are supposed to spend $427 million on streets/transportation, $193 million on “capital projects” and place…

Income tax credit for gun safety bill

November 21, 2019

Sen. Nathan Dahm, R-Broken Arrow, filed legislation to create an income tax credit for Oklahoma citizens who successfully complete the gun safety training course required to get a concealed carry permit. “Since Constitutional Carry has gone into effect, many people have expressed concerns about no longer forcing people to undergo government-mandated training in order to…

Tax hike vote is Tuesday

November 7, 2019

Tulsa citizens go to the polls November 12 to determine the fate of a $639 million tax increase. If approved, the proposals would raise sales tax and property tax and approve the sale of bonds to finance the projects. The City of Tulsa already gets about 16 percent of the property taxes paid within city…

Unequal Funding

October 31, 2019

DT district to get more than twice If the $639,000,000.00 tax increase passes on November 12, the money for streets will not be spent equally around the City of Tulsa. In fact, Council District 4 is slated to get more than double what will be spent in Districts 3, 5, 6 and 9 (see related…

Editorial: O’Rouke: use the IRS as weapon

October 24, 2019

If a Christian college or a church doesn’t embrace the Homosexual Agenda to the same degree as Beto O’Rouke, he wants that college or congregation to lose their tax-exempt status. This policy should come as no surprise to those who have followed O’Rouke’s failing presidential campaign. O’Rouke wants billions paid to black people for reparations…

OK is No. 6 in high sales tax

October 17, 2019

Only five states have a higher sales tax rate than Oklahoma, according to a study by the Tax Foundation. Also, comparing average local sales tax rates, Oklahoma has the fifth largest sales tax rate – 4.42 percent. Only Alabama (5.15%), Louisiana (5%), Colorado (4.73%) and New York (4.4%) have higher average rates. Five states –…

$639 Million tax package will be on the November 12 ballot

August 22, 2019

Tulsa voters will decide the fate of three city proposals on November 12 for a sales tax increase of $639,000,000.00 that would last more than six years. The first proposition is supposed to go for streets and “transportation.” The second proposition is for capital projects (parks, public safety, vehicles, etc.) The third proposition would create…