But the threat of new taxes on intangible property could have a chilling effect on home builders and homeowners.
the state Supreme Court ruled that all intangible property could be
taxed, we realized that this could impose new taxes on our designs,
architectural drawings, computer software, and even the awards we’ve won
for our work.
These new taxes would severely hamper
home builders’ ability to do business. It will raise the cost of
building and result in increased costs to home buyers in Oklahoma. A yes
vote on State Question 766 will prevent these new taxes and will help
businesses like ours continue to invest in our communities.
—Jalal Farzaneh, Oklahoma City