Oklahoma Horse Industry Pushes Back Against Governor's Sales Tax Plan
The plan would lift the state's sales tax exemption on horses.
May 11, 2016
Leaders in Oklahoma's horse racing industry are pushing back against Gov. Mary Fallin's plan to pull the state's sales tax exemption on horses. Fallin's plan would bring in about $1.3 million a year to help fill a $1.5-billion deficit.
"She's trying to fill a $1.5-billion gap in the budget," said Oklahoma Quarter Horse Racing Association executive director Debbie Schauf. "This measure will generate $1.3 (million) to $1.4 million a year, but at the expense of an industry that creates $3.6 billion a year."
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