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