Rural Venture Capital Formation Incentive Act
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That crooked law

About this fraud flawed law.  View

Guide to flaws in the law.  View

3 Biggest schemes

Altus Venture $126 million View

Scissortail $90 million  View

Foxborough $300 million  View

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Oklahoma tax credit abusers caught in Colorado land scam.

The financial shell games
About venture capital funding.
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Venture capital (also known as VC or Venture) is a type of private equity capital typically provided to early-stage, high-potential, growth companies where the rewards are years out and carry a high risk.

Venture capital is a special kind of funding to create a foundation for building the businesses that will replace today's diminishing industry and jobs. Oklahoma's venture tax credit program was intended to incentivize that venture capital funding needed by rewarding investors tax credits worth 20 to 30% of their at risk investment.

More on venture capital

 




Reports



Section 1.E

The Tax Commission shall prepare or cause to be prepared a report on all provisions of state tax law that reduce state revenue through exclusions, deductions, credits, exemptions, deferrals or other preferential tax treatments.  The report shall be prepared not later than October 1 of each even-numbered year and shall be submitted to the Governor, the President Pro Tempore of the Senate and the Speaker of the House of Representatives.  ....Snip....







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