Most Oklahomans agree that Oklahoma businesses should receive tax incentives that have the effect of helping Oklahoma. Most are up in arms, though, when it comes to allowing these businesses to sell left over credits to individual taxpayers and investors who have nothing to do with the purpose of the incentive itself.
For instance, many agree that coal and wind power and construction of energy efficient homes should be encouraged, and that businesses should be rewarded for utilizing these systems. However, when it comes to transferability of these credits, it sounds eerily like cap and trade. An Oklahoma legislative task force is studying these incentives and the negative effects they have on Oklahoma's budget. Are the perceived long term benefits worth the revenue shortfall?