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The Water Cooler
General Discussion
SQ 766 - Ban Taxation on Intangible Assets - Poll
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<blockquote data-quote="Werewolf" data-source="post: 1970977" data-attributes="member: 239"><p>There's been a lot of commercials out concerning <a href="https://www.sos.ok.gov/gov/proposed_questions.aspx#sq766" target="_blank">state question 766</a>. It attempts to ban taxation on intangible assets. Most states already don't permit that type of business tax. In OK the business lobby is absolutely for passing 766. The education lobby is against it.</p><p></p><p>The argument for passage is that allowing the taxation of intangible assets will increase the cost of business and make Oklahoma less competitive in attracting new business to the state.</p><p></p><p>The argument for not passing the question is that it would result in $600M(?) less taxes available to the school system.</p><p></p><p>Be you for passage or against it and why.</p><p></p><p>I'm for passage as I am a firm believer that less taxes is better for business and results in business growth, more jobs etc. All of which increases tax revenue in the long run.</p></blockquote><p></p>
[QUOTE="Werewolf, post: 1970977, member: 239"] There's been a lot of commercials out concerning [URL="https://www.sos.ok.gov/gov/proposed_questions.aspx#sq766"]state question 766[/URL]. It attempts to ban taxation on intangible assets. Most states already don't permit that type of business tax. In OK the business lobby is absolutely for passing 766. The education lobby is against it. The argument for passage is that allowing the taxation of intangible assets will increase the cost of business and make Oklahoma less competitive in attracting new business to the state. The argument for not passing the question is that it would result in $600M(?) less taxes available to the school system. Be you for passage or against it and why. I'm for passage as I am a firm believer that less taxes is better for business and results in business growth, more jobs etc. All of which increases tax revenue in the long run. [/QUOTE]
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SQ 766 - Ban Taxation on Intangible Assets - Poll
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