State Lawmakers OK Tax Breaks For Storm Victims

The Oklahoma Legislature has passed a bill to provide tax breaks to property and vehicle owners who suffered losses in Monday's tornado that tore through Moore and left 24 people dead.

The House gave the bill final passage Friday shortly after it was approved by the Senate. It now goes to Gov. Mary Fallin for her signature.

The bill provides sales tax breaks for businesses that donate inventory to help storm victims and property tax credits for property that increases in value after it's rebuilt.

The legislation applies to victims of tornados that occur in 2013 and for which a Presidential Major Disaster Declaration was issued.

The bill originally dealt with a tax rebate program for Oklahoma filmmakers and was amended following Monday's storms.