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Bill to Restore Tax Credits Heads to Governor (Mar 30, 2011)

OKLAHOMA CITY - In a bipartisan 41 to 6 vote, the full Senate today approved a measure to restore tax credits for the creation of new aerospace engineering jobs in Oklahoma.

Republican Senator Mike Mazzei is the sponsor of this bill and authored another similar bill to restore the credits.

He said the credit was put on hold because of the recession, but that the issue should be revisited and job creating incentives restored.

“Three industries that we’re good at and that produce a lot of jobs and a lot of growth is oil and gas, agriculture, and aerospace,” Mazzei said. “And if we leverage those to produce more jobs and get more people to Oklahoma, we’re going to enlarge our tax base and grow our revenue base, and that’s the smart way to do business.”

Today’s vote was the final hurdle for the bill before heading to Governor Mary Fallin’s desk.

from Staff Reports

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