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Local
The crowning achievement for the OK legislative session an 'intangible' one
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The crowning achievement for the OK legislative session an 'intangible' one

The crowning achievement for the OK legislative session an 'intangible' one

The crowning achievement for the OK legislative session an 'intangible' one

Lawmakers wrapped up their session last week without achieving a highly-publicized cut in the state income tax, leaving some Oklahomans wondering if the legislature was able to pass anything significant.

Even though income tax dominated the headlines, Senate President Brian Bingman says people shouldn't overlook a bill that would put the question of the state's "Intangibles" tax on the ballot in November.

Company logos, proprietary software and other intellectual property are just a few examples of "intangibles" that are subject to taxation in Oklahoma and Bingman is eager to see it gone.

"It really is a huge, huge deal for any business in Oklahoma to get rid of the intangible," Bingman said.

He said "intangibles" are not an easy concept for anyone to grasp and lawmakers said there will need to be an effort to educate voters about it before it comes up for a vote of the people in November.

Bingman said he was also proud that lawmakers were able to keep the state's 8-year transportation plan on track and despite criticism from many parents and educators, he's glad that lawmakers passed what he believes was a responsible budget in areas like education and human services.

Some Oklahomans were glad to see a bill stalled out for a revenue bond to fund the OK Pop Museum in downtown Tulsa, believing it to be an inappropriate use for taxpayer dollars.

But Bingman defends the museum, saying it would pay for itself by providing a big boost for tourism and the economy.

"If you have some place that's centrally located like the Pops Museum, it's going to bring out-of-state people here and they're going to spend dollars," he said.

The Senate passed the revenue bond, but the House declined to act on it.

Bingman said the bill could resurface next year.

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