AEROSPACE UPDATE: HB 1008 Passes Senate Finance Committee

• March 22, 2011
  
  

  Bill Restoring Aerospace Engineering Tax Incentives Passes Committee

  House Bill 1008, by Representative Skye McNiel, passed the Senate Finance Committee today by a vote of 10-0. This legislation, which is identical to Senate Bill 3 by Senator Mike Mazzei, will remove the aerospace incentives from the list of credits on moratorium as of July 1 this year. Both of these bills will work to encourage growth within the Oklahoma aerospace sector, which is currently one of Oklahoma’s top three economic engines.

  This bill will now go on to be heard in the full Senate.

  For more information about The State Chamber and how you can get involved, click here. If you are a member and would like to be a part of The State Chamber’s Aerospace Committee, contact Lindsey Sparks.

  CHAD WARMINGTON
  Executive Vice President

  The State Chamber of Oklahoma
  330 NE 10^th Street | Oklahoma City, OK 73104
  Phone: (405) 235-3669 | Fax: (405) 235-3670

Comments are closed.