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Oklahoma Auditor Begins Audit Of State Tax Credits

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OKLAHOMA CITY -

Oklahoma's auditor and inspector will audit tax credit programs administered by the Oklahoma Tax Commission.

State Auditor Gary Jones said Thursday the legislative Tax Credit Task Force identified several areas of concern following a review of the state's tax credit programs over the past year. The task force recommended the programs be audited to ensure they comply with statutory requirements granting the credit.

Jones says his agency has the authority to examine documents or property necessary to comply with state tax laws. Jones says Oklahoma Tax Commission Administrator Tony Mastin has promised that the agency will cooperate fully with his auditors.

Once audits are complete, a copy of each final report will be provided to Gov. Mary Fallin and legislative leaders as they consider the task force's recommendations.

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