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Tax Breaks Could Be Eliminated

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Legislators are looking at more than $2 billion in tax breaks and incentives that could be eliminated. Legislators are looking at more than $2 billion in tax breaks and incentives that could be eliminated.

Oklahoma lawmakers are taking a look at more than $2 billion in tax breaks and incentives that could be eliminated to offset proposed tax cuts.

Officials say virtually all tax exemptions are up for consideration, except for those applying to low-income residents, the disabled, senior citizens and veterans.

Any new tax incentives proposed this year have to include a provision which sets an expiration date for tax credits and sales tax exemptions.

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