FOR IMMEDIATE RELEASE
April 25, 2012
OKLAHOMA CITY—State Chamber President Fred Morgan comments on today’s House 89-0 passage of SJR 52, which will send a ballot question to a vote of the people to keep intangible personal property from being taxed. Intangible property can include items like trademarks, copyrights, membership or client lists, all which are difficult to quantify. The resolution now goes to conference:
“I cannot stress enough how important the passage of this legislation is to businesses in Oklahoma. This is a complicated subject and I would like to thank our state lawmakers for taking the time to study the issue and come up with a solution that prevents the largest tax increase on Oklahoma businesses in state history,” said Morgan.
“With this unanimous vote today, and the previous vote in the Senate, lawmakers have sent a strong message to the state and nation that the Oklahoma Legislature is committed to continuing the momentum started last session in making Oklahoma an unequaled state for business growth and opportunity.”