But the threat of new taxes on intangible property could have a chilling effect on home builders and homeowners.
When the state Supreme Court ruled that all intangible property could be taxed, we realized that this could impose new taxes on our designs, architectural drawings, computer software, and even the awards we’ve won for our work.
These new taxes would severely hamper home builders’ ability to do business. It will raise the cost of building and result in increased costs to home buyers in Oklahoma. A yes vote on State Question 766 will prevent these new taxes and will help businesses like ours continue to invest in our communities.
—Jalal Farzaneh, Oklahoma City