- Associated Press - Thursday, July 14, 2016

OKLAHOMA CITY (AP) - A new commission charged with evaluating billions of dollars’ worth of state economic incentives is meeting to discuss the criteria they will use to analyze the various tax credits and incentives.

The Incentive Evaluation Commission is scheduled to meet at 2 p.m. Thursday at the state Capitol.

Established by the Legislature in 2015, the panel was created to help determine if Oklahoma is getting its money’s worth out of tax and other financial incentives offered to businesses.

The commission will oversee evaluations conducted by an independent contractor of about a dozen economic incentives each year. Among those targeted for analysis this year are a five-year property tax exemption offered to certain new and expanding manufacturing and other companies that is costing the state about $67 million annually.

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