Tax credit abuse costing Oklahoma $100s million per year.
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Took $75 million, created 73 jobs, now broke and moving out of state.
Did these LLC's use money laundering and loophole to take $470 million?
Did Hidden PAC money prevent closing a tax credit loophole.
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10 Things every Oklahoma taxpayer should know!

This site is about a coordinated set of Oklahoma tax credit loophole(s) that allow certain wealthy investors to take $2 in tax credits for every $1 they invest in new business ventures, the right to sell the tax credits, with a guarantee the state cannot recover the money given even if laws were violated to obtain the money.

The program operates without oversight and accountability, and the cost of this program all information about the program be kept secret from both the public and lawmakers, including how much the program is costing, where the money is going, who is benefiting and what if anything the public is receiving in return.

We have included a series of news articles describing the public out cry in 2006 that pressured state lawmakers and the governor promise to fixe the loophole. Key news articles

Then we will show evidence that started to appear showing the abuse had significantly increased rather than ceasing. Evidence of at least $1 billion more since the loophole was claimed to be closed.

We divide the story into categories to follow the flow of a very complex scheme.

  How the loophole is used to reap huge unearned profits. More
  Uncovered costs and where some of the money is going. More
  Hidden PAC money surrounding lawmakers' failure to close the loophole as promised. More
  How the program is covered up and protected. More
  A guide through this very complicated law showing how the entire scheme was created as a state law. More

Recent press releases

Aircraft manufacturer needs $1 million to pay employees after spending $66.3 million in Oklahoma tax credits.
Did these LLC's use money laundering and loophole to take $470 million?
Did $325,000 in hidden PAC money keep tax credit loophole open?
Revealing more Oklahoma Tax Credit Fraud - dirty little secret 12
Open letter to Oklahoma state lawmakers and governor! Crooks or cowards?
Oklahoma Governor and Lawmakers -- negligent, deliberate ignorance or lying?
Deliberate ignorance, deliberate neglect and cover up, paying Oklahoma officials $millions?
The Cover Up, creating the legal means to hide official involvement!
The public misled into believing the tax credit abuse loophole was closed?
Are Oklahoma officials profiting from business investment incentive program?
Oklahoma's "audit immune fraud", skimming $100's millions in tax Revenue.
OK officials reaping huge profits selling tax credits
Suspicious campaign contributions? Tax credit loophole remains open!

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