88 / 65
      90 / 64
      92 / 65

      OK legislatures vote to drop tax benefits for film industry

      Considered wasteful, legislatures will let a tax credit program expire.

      OKLAHOMA CITY (AP) - The Oklahoma House has defeated legislation to extend a tax credit program for the film industry.

      House members voted 48-43 for the measure Monday - three short of the 51 votes needed to pass in the 101-member House. Its author, Republican Rep. Todd Thomsen of Ada, kept the measure alive by announcing a plan to reconsider the vote.

      The state provides rebates to filmmakers amounting to $1 for every $3 dollars they spend on movie productions in the state, up to a total of $5 million. The program is scheduled to expire on July 1. Thomsen's bill would extend the credit by 10 years to 2024.

      Opponents say the program is a wasteful use of tax dollars.



      House Bill 2580: http://bit.ly/NoAdj9