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Head of Foundation Built by Oil Riches Says State Doesn’t Need Drilling Incentives

Filed by KOSU News in State Impact.
July 18, 2013

Oklahoma lawmakers are considering re-evaluating the value of tax incentives for oil and gas drilling, which totaled $321 million last fiscal year and helped smother state revenue growth, Secretary of Finance and Revenue Preston Doerflinger says. The oil and gas industry defends the tax credits, refunds and rebates. They’re not tax breaks, they’re “capital investment” [...]

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