NewsOK
BY MICHAEL MCNUTT, Published: April 4, 2010
Ideas suggested by the governor to generate more money for the state so far haven’t been met with enthusiasm.
Gov. Brad Henry has proposed about $725 million in revenue enhancements, which include refinancing bond issues at today’s lower rate, possibly saving tens of millions of dollars; eliminating and suspending tax credits; and taxing more Internet sales made in Oklahoma.
House Speaker Chris Benge, R-Tulsa, has said the Internet tax proposal is a tax increase.
Henry suggested a system to collect sales taxes on Internet sales not currently being collected. Out-of-state businesses without a store or building in the state are not collecting sales taxes on sales made over the Internet, telephone or via mail order. It’s estimated the state is losing about $95 million annually without those sales tax collections... FULL ARTICLE
Posted on
Sun, April 4, 2010
by Crystal Drwenski