Lawmakers negotiated throughout the day Friday before meeting again Friday night to discuss revenue-raising measures to help boost the state’s economy.
The measures include a tax hike on cigarettes and fuel, and the elimination of $46 million in oil and gas incentives. Legislators also are debating a 50 percent increase on a gross production tax, taking it from 2 percent to 3 percent in the first 36 months.
Rep. Jason Dunnington said Democrats are pushing for at least a 5 percent gross production tax.
Now that the deadline has passed, lawmakers are preparing to go into political overtime.
“We feel like the negotiations will continue, and that will start running legislation (on Saturday),” Rep. Earl Sears said. “That all depends on (Saturday), when negotiations pick up. We’re very optimistic.”
WEBVTT KOCO’S PATRINA ADGER ISFOLLOWING THE LATEST.PATRINA: ALL EYES WILL BE ON THECAPITAL OF THIS WEEKEND.BOTH THE SENATE JOINT COMMITTEEON APPROPRIATIONS AND BUDGETHAVE ADJOURNED AND THE HOUSE DIDTHE SAME THING ONE HOUR AGO.THERE HAVE BEEN NEGOTIATIONSGOING ON FOR MOST OF THE DAY ANDTHE BUDGET PACKAGE INCLUDES A$1.50 CIGARETTE TAX INCREASE, ASIX SENT PER GALLON ON MOTORFUEL TAXES, MILLIONS OF DOLLARSIN INCENTIVES, AND A 50%INCREASE IN THE GROSS PRODUCTIONTAX TAKING IT FROM 2% TO 3% INTHE FIRST 36 MONTHS.NOW ONE REPUBLICAN LAWMAKER SAYSTHEY ARE PREPARING TO GO INTOOVERTIME.>> WE FEEL LIKE THE NEGOIATIONSWILL CONTINUE AND WE WILL STARTRUNNING SOME LEGISLATIONTOMORROW, BUT IT DEPENDS ONTOMORROW AND WHEN NEGOTIATIONSPICK UP.WE’RE VERY OPTIMISTIC.PATRINA: REPRESENTATIVE JASONDUNNINGTON SAYS HOUSE DEMOCRATSARE PUSHING FOR A 5% GROSSPRODUCTION TAX AND OTHER NEWREVENUE AND THEY WILL BE BACKTOMORROW IN GOOD FAITH TO WORKFOR THE PEOPLE OF OKLAHOMA.