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 […]
intangible property
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Don’t tax ideas
As executive director of the Oklahoma City Boathouse Foundation, I believe it’s wrong to tax ideas, inventions, brand names — all are “intangible property” that are the seeds of future growth. These are the very things that fuel new businesses and new jobs across our state. New ideas are at the core of Oklahoma’s success. […]
Posted inNews
A taxing question
Fred Mogran Credit: Shannon Cornman A coalition of business groups headed by the State Chamber of Oklahoma support passage of SQ 766, which is on ballot Tuesday, asserting that its failure could spur a vast expansion of state taxes on items as varied as retirement benefits, professional licenses, hunting leases, and even copyrighted song lyrics […]