Quality Jobs payments totaled $61.7 million in FY 2011, according to Tax Commission
The Legislature’s Task Force on Tax Credits and Economic Incentives is holding another session today. This morning, it studied the Investment/New Jobs tax credit. This afternoon, it’s Quality Jobs.
Here’s some updated Quality Jobs totals through the 2011 fiscal year, via the Oklahoma Tax Commission:
Source: Oklahoma Tax Commission
Also, I pulled the company totals from FY 2007 to FY 2011. Below is a quick chart on the Quality Jobs recipients. Some companies have renewed and used the rebates under a different legal name, but I’ve tried to consolidate the names as best I could.
Written by Paul Monies
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Comments
Thanks, Reggie. There is not an accurate way to detail it from the Tax Commission data. Each company signs a contract with the Commerce Department detailing how many jobs they *expect* to create. If you knew the average payroll amount for each job, you could maybe back out the percentage of the payroll the company is getting in rebates, but that’s not possible with what’s provided in the annual Tax Commission reports.
[...] the lack of caps on tax breaks in a 2010 issue brief. Data Watch has a chart of all the companies receiving Quality Jobs credit payments since 2007. Insurance Commissioner Doak has asked for a delay on an Affordable Care Act requirement [...]
Still the food stamps program cost the USA $68 billion a year!
http://www.allgov.com/Where_is_the_Money_Going/ViewNews/Food_Stamp_Use_up_74_Percent_in_Just_4_Years_110824
Not a good time to be cutting any taxes!
It’s the Tea Party to protest their own survival!
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Here’s a thought…if we want to create jobs, why don’t the state govn’t stop creating new taxes and fees to stick us with. Then we could focus a little on growing instead of just earning enough to keep paying out to OK City.
The latest is a real gem. The Corporation Commission has decided to pass a $50 million increase in the OK Universal Service Fund, basically in secret and on Tuesday with almost no notice whatsoever. They must be stopped! For those who don’t know, the Service Fund is a subsidy on landlines. But never mind the ridiculous policy side of this (it’s bad!), consider that they’re passing that big a new tax on us when we don’t even know its an issue. What happened to democratic transparency? And these are all Republicans who pledged not to raise our taxes.
I smell the involvement of special interests. You?
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Great job, Paul. Any idea how many jobs that $80 mil is responsible for?