HB 2131 is a new tax credit scheme that gives away 10% of sales tax collected for companies with under one million dollars of new investment in a tourist destination, 25% for those companies with over a million dollars new investment, with the annual limit set at $15 million dollars per year drained out of the state treasury.
|Here is a bill that was chosen for scoring the RINO Index, |
& why this bill is bad for the average Oklahoman.
And this is for investment that is going to be made anyway. The wealthy hire lawyers and lobbyists to pass their special legislation by greasing the palms of the politicians which corrupts the entire legislative process. Meanwhile tax revenue is drained away from the state, causing politicians to raise taxes and fees on the rest of us.