This paper looks at the first report of Oklahoma’s Incentive Evaluation Commission (IEC) and finds it wanting. The IEC was created to review Oklahoma’s many tax incentives for industry over a period of years. In their first round of recommendations, they suggest repealing only four of eleven reviewed incentives. The Institute suggests repealing nine. Apparently, the IEC is more interested in the status quo than real reform, having made unique recommendations with only $3 million in financial impact. Therefore, the IEC should be abolished.
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Critique of the Incentive Evaluation Commission’s Tax Incentive Evaluation Report: 2016
Author: Byron Schlomach Abstract: An encore reposting of the research from the 1889 Institute. |
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May 2023
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