CHAMBER BLUE JOIN

ECONOMIC DEVELOPMENT, TAXATION and rETAIL

Purpose 

Monitor and analyze tax and economic development issues and legislation as to their impact on Oklahoma businesses and recommend policy to the State Chamber Board of Directors.    

2019 Legislative Initiatives

State Agenda

  • Protect valuable economic development incentives and support emerging industries to keep Oklahoma competitive

  • Continue to support and protect the pension reforms that lower Oklahoma’s unfunded pension liability

  • As part of an all-inclusive energy approach, support a tax structure for all energy development that protects existing investment and promotes new capital investment in Oklahoma

  • Support reforms to improve the efficiency and effectiveness of both the Small Employer Quality Jobs Act, the 21st Century Quality Jobs Act and the Quality Jobs Act

  • Support tax policy that encourages business growth and oppose tax policy that is harmful to business

  • Support expansion of funding of state economic development efforts including OCAST and its programs to benefit business and industry throughout the entire state

  • Support and protect efforts to meet housing demand to keep pace with economic development and workforce needs

  • Support the expansion of public/private partnerships using best practices such as opportunity zones

  • Support legislation to prohibit government entities at any level from hiring outside auditors for increased revenue collection on a contingency or performance fee basis

  • Reduce business uncertainty by supporting a state budgeting process that produces multi-year strategic spending plans, utilizing best practices for agency operations, forecasting revenues, spending commitments, budget limitations and pension obligations possibly move closer to top of list

  • Support efforts to further modernize Oklahoma’s adult beverage laws to encourage economic development and job growth, better meet consumer needs, and create a competitive marketplace for Oklahoma’s businesses

  • Support the continuation of Master Limited Partnerships (MLPs) in the federal tax code (moves to federal part of our agenda)

  • Support legislation to address the problem of the number of uninsured motorists, which adversely affect insurance costs of law-abiding citizens and the costs of trauma care centers that must provide medical treatment to uninsured motorists who are injured in accidents

  • Oppose redirection of funds derived from industry licensing and service fees for general revenue

  • Oppose the imposition of the state’s sales tax on professional services, digital goods and labor

  • Support economic development incentives that create and maintain jobs and investments in Oklahoma including the Governor’s Quick Action Closing Fund, Tax Increment Financing(TIF) Districts and Business Improvement Districts (BID)

  • Oppose efforts to conform Oklahoma state tax law in order to preserve tax savings from changes to federal tax law contained in the Tax Cut and Jobs Act of 2017

  • Support and defend continuance of the Rolling Stock Exemption and similar exemptions on transportation products

Federal Agenda

  • Support the continuation of Master Limited Partnerships (MLPs) in the federal tax code

  • Support the continuation and make permanent the Native American Tax Incentives in the federal tax code

oklahoma retail federation

As Oklahoma’s retail trade association and the voice of retail in our state, the State Chamber of Oklahoma’s Retail Federation represents retailers of all types and sizes, including chain restaurants and industry partners, from around the state and the United States. 

research and resources

Issue Brief: Graduate Corporate Income Tax (2017)
Issue Brief: The Cost of Over-Regulation (2016)
Issue Brief: Trans-Pacific Partnership Is Good for Trade and Economic Growth (2016)
2016 Accountability for a Competitive Economy (ACE) Book

 

 

 

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Staff Contact:

Mike Jackson
Mike Jackson photo

Email Mike

Committee Chair:
Kinnee Tilly
Sr. VP Economic Development,
Broken Arrow Economic Development Corp.
 

Committee Vice Chair:
Jonathan Fowler
Vice President Operations,
Fowler Holding Corp.

 

 

 



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