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Senate Dems delay $23M tax credit suspension

Senate Dems delay $23M tax credit suspension

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By SEAN MURPHY (Associated Press)

OKLAHOMA CITY — Frustrated by their lack of involvement in budget negotiations, Senate Democrats voted Wednesday to delay the suspension of two tax credit programs that would have saved the state about $23 million.

In a straight party-line vote, minority Democrats opposed putting the tax credit programs on hold. Although the bill passed 26-22, the emergency clause on the measure did not get the two-thirds vote needed for passage — delaying the effective date of the bill for three months.

The move could reduce the amount of money the state saves from a moratorium on the two programs as leaders try to plug an estimated $1.2 billion hole in the state budget.

Democrats have vowed to oppose any spending plan that does not include funding for senior nutrition and rural programs, a new hospital provider fee and an assessment on insurance claims... FULL ARTICLE

 

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