OK House Defeats Extension Of Movie Tax Credit - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

OK House Defeats Extension Of Movie Tax Credit

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Representative Todd Thomsen's bill would extend the credit by 10 years to 2024. Representative Todd Thomsen's bill would extend the credit by 10 years to 2024.
OKLAHOMA CITY -

The Oklahoma House has defeated legislation to extend a tax credit program for the film industry.

House members voted 48-43 for the measure Monday, three short of the 51 votes needed to pass in the 101-member House. Its author, Republican Representative Todd Thomsen of Ada, kept the measure alive by announcing a plan to reconsider the vote.

1/20/2014 Related Story: My 2 Cents: Bringing Hollywood To Oklahoma

The state provides rebates to filmmakers amounting to $1 for every $3 they spend on movie productions in the state, up to a total of $5 million. The program is scheduled to expire on July 1. Thomsen's bill would extend the credit by 10 years to 2024.

Opponents say the program is a wasteful use of tax dollars.

View House Bill 2580

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