HB 1845 is the REAL ID bill that forces Oklahoma into the federal identification card system. The program is a privacy nightmare and unneeded. Worse, those promoting the scheme have long lied about the consequences of not having Oklahoma drivers licenses REAL ID compliant, claiming that you couldn’t get on an airplane which is not true. It is also a fee increase, adding $5.00 to the license fee, like the $5.00 they added to the tags last year, with the money siphoned off into Public Safety and two dollars to the tag agents. Worse, this bill guts the state prohibition on REAL ID passed about eight to ten years ago. There is a clause stating that the state won’t share biometric data of its citizen but there is an out for data sharing required by the feds.
HB 2131 is a new tax credit scheme that gives away 10% of sales tax collected for companies with under one million dollars of new investment in a tourist destination, 25% for those companies with over a million dollars new investment, with the annual limit set at $15 million dollars per year drained out of the state treasury. And this is for investment that is going to be made anyway.
HB 2348 freezes the standard deduction used on your Oklahoma tax return filing. In 2017 even if the Federal standard deduction goes up your Oklahoma deduction will remain frozen. This is an automatic tax increase on that works or has income from other sources.
HB 2351 is tax credit scheme used in Tax Incentive Districts and it appears to extend ad valorem tax exemptions an additional five years beyond the original exemptions for the project. Some say this bill was written and passed for a single Oklahoma City developer. Electricity generating projects are exempted from the additional five years property tax exemption.
HB 2356 is a bill that moves forward the due date for franchise tax payments, moving it forward two months. That effectively increases cash flow for the state by taking the tax money before it was originally due.