Quote:
Originally Posted by TnBob
Pooka could you please provide support for the home exemption being on the table to be pulled ? I cant find any reference to that on line.
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That's because all of this is still in the talking stage. It is currently being discussed in OKC and everybody is trying to save their special tax breaks for their special groups.
The Gov here wants to follow the 'Texas Plan' which hinges on no state income tax. But the money has to come from somewhere and the personal property tax seems to be the favored source. There are also a lot of business incentives that are on the block to be cut and that has businesses howling.
Taxes on a home in Oklahoma are about $700 a year. If you are over 65 you are exempt. When the Ledge members started looking at what it would take to do away with the state income tax the only ones that favored it were Republicans that plan on running for a national office so they can claim 'I did away with the state income tax'.
Oklahoma is a small place. My State Senator lives about a mile away from me and I run into him in the Coffee Shop. Our State Rep also lives close by and I see him at civic functions. They are always eager to talk to folks.
This all may come to nothing, but the Governor here is behind it 100%. The TP folks I know that were some of her biggest supporters feel like she has turned on them for her own glory.
All I can say to them is: No kidding?