For Immediate Release: April 22, 2003
Sen. Kathleen Wilcoxson
Bill to Level Playing Field for Building Material
Suppliers
on
Governor's Desk
State
Senator Kathleen Wilcoxson
is hopeful Governor Henry
will sign a measure aimed at leveling the playing field for Oklahoma
businesses selling construction materials. Senate Bill 5, which is co-authored
by Representative Ron
Langmacher, D-Carnegie, would ensure that building materials are
taxed at the point of delivery rather than the point at which the items
were purchased.
"We routinely see out-of-state building supply companies underbid
Oklahoma companies by 8 to 10 percent. They are able to do that because
they aren't collecting the sales taxes as Oklahoma-based businesses
are required to do. It's really a raw deal for our businesses. SB 5
makes sure everyone is playing by the same rules," said Wilcoxson,
R-OKC.
Senator Wilcoxson said the legislation calls for the State Tax Commission
to develop the mechanism for collecting those taxes on behalf of local
and state government.
"It is estimated that we're losing up to $9 million a year because
of the current situation. That's money that we desperately need for
our schools, public safety and other vital services. I hope Governor
Henry acts quickly to close a loophole that's leaving Oklahoma businesses
at a disadvantage and costing us millions in lost revenues," said
Wilcoxson.
For more information, contact:
Senate
Communications Division - (405) 521-5774
