Senator Mike Mazzei - District 25
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Senator Mike Mazzei
Occupation: Financial Planner
Education: George Mason University, BA in Government and Politics; College of Financial Planning
Legislative Experience: Senate Member, 2004 - present
Hometown: Tulsa, Oklahoma
Party: Republican
Audio Message: mp3 / wav

Senator Mike Mazzei is proud to represent the citizens of District 25 in the Oklahoma State Senate, serving portions of South Tulsa, Bixby and Broken Arrow. Senator Mazzei currently serves as Chairman of the Senate Finance Committee.

Mike Mazzei was elected to the Oklahoma State Senate in 2004 and brings a broad range of financial and business experience to the legislature.  In 2008, Mike was re-elected for a second term of office and again in 2012 for his third and final term.

Mike's priorities for his legislative service are to confront the dangers that have been causing jobs, corporations, teachers and successful retirees to leave Oklahoma.  He believes we can pursue the opportunities of successful job growth by reforming Oklahoma's tax policy to be more competitive in the 21st century.  He also believes that as we grow personal income, we will have more resources to invest in schools, roads and health care.

In his personal profession, Mike Mazzei, CFP®, is the President of Tulsa Wealth Advisors, which operates a branch of Raymond James Financial Services, Inc. (Member FINRA/SIPC) in Tulsa, Oklahoma. He created The Financial Freedom Process® to help individuals leverage their wealth in order to achieve their lifetime visions. In 2013 Mike authored and published his book, “Solving Your Financial Planning Puzzle.” Mike was ranked #1 in the state of Oklahoma for Barron’s 2014 list of top advisors in the country. Mazzei has been named to Barron’s Top Advisor list every year since 2010 and has been the #1 advisor in Tulsa for the past two years.

Senator Mazzei is a graduate of George Mason University and the College for Financial Planning, and is a member of the Financial Planners Association. Mike belongs to Asbury United Methodist Church and serves on the board for The Salvation Army.

Mike and his wife, Noel have five children; the eldest daughter, Maria, triplets Caleb, Carissa, and Mykaela, and youngest son, Jackson.

Legislative Accomplishments

 

2014

 SB331 – This bill renews the sales tax exemption for educational foundations of both private and public schools.

 

SB341 –Changes the date on which a penalty would be charged, on the Franchise Tax Return, from September 1 to September 15 for the returns that are due July 1.  It is estimated that this change would save corporations at least five hundred thousand dollars ($500,000.00) in preparations fees. 

 

SB1150 – This bill places a December 31, 2014 sunset date on the bank privilege tax credit for the amount of the guaranty fee paid by the bank or credit union to the SBA for the “7a” loan guaranty program.  Once expired, the Tax Commission estimates that the first revenue impact would occur in FY-18, with a POSITIVE revenue impact of $510,000.  Background:  The credit was first available in 2000, and may be claimed against the 6% bank privilege tax which is paid by Oklahoma banks and credit unions in lieu of income tax.

 

SB1151 – This bill places a December 31, 2014 sunset date on the income tax credit for profit from investment in an existing Oklahoma film or music project.  Once expired, the Tax Commission estimates that the first revenue impact would occur in FY-18, with a POSITIVE revenue impact of $16,000.  Background:  The credit was first available in 2005 and is equal to 25% of the profit from such an investment if reinvested in another Oklahoma film or music project.

 

SB1152 – Places a 2017 sunset date on the income tax credit for workplace modification expense tax and for certain related modification expenses.  If allowed to expire, the Tax Commission estimates that the first revenue impact would occur in FY-18, with a POSITIVE revenue impact of $21,000.  Background: The credit was first available in 2006 and is equal to 10% of the gross wages paid (capped at $25,000 per taxpayer per year) and 50% of modification expenses (capped at $10,000 per taxpayer per year)

 

SB1153 – This bill places a 2017 sunset date on the income tax credit for eligible expenses paid by an entity in the business of providing child care services.  If allowed to expire, the Tax Commission estimates that the first revenue impact would occur in FY-18, with a POSITIVE revenue impact of $80,000.  Background: The credit was first available in 1999 and is equal to 20% of eligible expenses incurred to comply with national accrediting association standards.

 

SB1170 – This bill places a 2017 sunset date on the income tax credit for electronic fund transfer fees paid by an individual or entity licensed as a money or wire transmitter.  If allowed to sunset, the Tax Commission estimates that the first revenue impact would occur in FY-18, with a POSITIVE revenue impact of $348,000.  Background:  The credit was first available in 2009 and is equal to 100% of such fees paid.

 

SB1226 – This bill places a 2017 sunset date on the bank privilege tax credit for the income received by a financial institution on a loan made under the Rural Economic Development Loan Program.  If allowed to expire, the Tax Commission estimates that the first revenue impact would occur in FY-18, with NO CHANGE in revenue impact.  Background:  The credit was first enacted in 2003, and may be claimed against the 6% bank privilege tax which is paid by Oklahoma banks and credit unions in lieu of income tax.

 

SB1246 – This legislation will reduce the top marginal individual income tax rate from 5.25% to 5.0% beginning with tax year 2016 and to 4.85% for subsequent tax years (no earlier than two tax years after the 5% rate is in effect), contingent upon certain revenue growth.  When fully implemented, this plan will save Oklahoma taxpayers $200 Million. (Co-author)

 

HB1416 – Amended the Oklahoma Quality Jobs Act (QJA) to allow the state’s military installations to direct payments resulting from jobs they create under the QJA to an Oklahoma “proxy establishment”, allowing the funds to be invested in Oklahoma job creation, land acquisition and infrastructure development.  The U.S. Air Force plans to locate more than 1300 new jobs at Tinker AFB to perform maintenance work on KC-46A, the Air Force’s next generation aerial refueling tanker.  These jobs will average $66,000 per year.

 

HB2509 – Modifies definition of “qualified employee” in the Aerospace tax credit provisions to include a person previously employed in the industry before earning a degree and also a person who was employed in another state and transferred; providing for sunset of the credits at the end of 2017.

 

HB2630 – This legislation requires new state employees to participate in a 401K style retirement savings plan.  The State of Oklahoma will contribute 3% of pay to the plan and match up to 7% of pay to a participant’s account.  Employees will maintain control of their own savings and be able to take their savings with them even if they leave state government.  This plan does not affect teachers, firefighters or law enforcement personnel in any manner.  This reform is projected to save taxpayers $3.8 Billion over the next 30 years.  (Co-author)

 

2013

SB 343 – Placed a sunset date on two tax credit provisions – those for use of coal and wind for power generation.   Also eliminated the ability to transfer those credits after 2013, making them refundable at 85% of value.

 

SB484 - An Act relating to jury duty; amending 38 O.S. 2011, Section 28, which relates to qualifications and exemptions; increasing certain time period; and providing an effective date.  Exempts individuals from having to serve as a grand or petit juror more than once within a certain time period; the time period would be extended from 2 years to 5 years.

 

SB1062 – Is a historic piece of legislation and a true game changer for Oklahoma.  Oklahoma finally joins other states in creating an Administrative System to address workplace injuries.  Our past Work Comp System has been the number 1 job killer in Oklahoma.  In states that have enacted Administrative Systems as planned in SB1062, benefits to injured workers have increased while costs to business have decreased.  Senator Anthony Sykes stated “I want to thank Senator Mazzei for his unwavering support of SB1062.” (Co-author) 

 

HB2078 - Relates to the Oklahoma Firefighters Pension and Retirement System; modifying date of retirement for members beginning employment after certain date; providing that members beginning employment after certain date may participate in deferred option plan after a certain number of years of service; specifying how interest is to be earned on benefits placed into certain plan; providing for payment of certain administrative fee; allowing members who enter the System after certain date to receive a vested benefit in lieu of accumulated contributions upon termination of service; establishing benefit for members who enter service after certain date and elect to receive a vested benefit in lieu of accumulated contributions; increasing the minimum member contribution; increasing the contribution rate paid by municipalities to the System; also relates to apportionment of the insurance premium tax; increasing the percentage of certain tax which is allocated to the Oklahoma Firefighters Pension and Retirement Fund.  These reforms put the Oklahoma Firefighters Pension System on a path to stability and save over $700 Million over the next 30 years.

 HB 2308 – We also eliminated 21 tax preference items this year.  Never before in Oklahoma history have we actually repealed a group of special interest tax credits/deductions.  This includes eliminating the deduction for political contributions.  Of our original list of 23 high value items targeted for elimination at the beginning of the year, we only dropped 2 by the end of our deliberations.  This success generated a savings of $1.4 million. (Co-author)

 HB2310 – Job retention and creation – extension of manufacturing incentive program which will help retain 500 high paying jobs and the creation of an additional 300 jobs in the railcar rolling stock industry. 

 2012


SJR52 – This legislation allows the people of Oklahoma to amend the Constitution to make sure all Oklahoma businesses do not have to pay taxes on intangible properties. (SQ 766)


SB1159 – This bill provides a framework to shut down the Oklahoma Capital Investment Board. This venture capital program proved to be an ineffective use of taxpayer money. It lacks transparency and generated few long term jobs. Ending this obsolete program should save taxpayers $60-70 million.


SB1464 – This legislation amends the successful Quality Job program to allow manufacturing and operations of oil and gas companies to qualify for incentives based upon job creation.  This will help important Oklahoma energy companies keep and bring to Oklahoma manufacturing operations with their high paying jobs.


SB1465 – This legislation extends to important employers, such as American Airlines, a sales tax exemption for manufacturing and maintenance equipment purchased in Oklahoma. Companies like AMR will now be able to purchase supplies in Oklahoma instead of other states creating more economic activity in Oklahoma. It represents our commitment to assist American Airlines through its restructuring process.


HB2248 – This legislation continues our commitment to increase dedicated funding for our roads and bridges program.  It designates $59.7 million to the ROADS fund for automatic increases until the fund reaches $575 million.


HB2249 – This infrastructure legislation changes the apportionment from motor vehicle tag revenues of FY-13: $1,700,000; FY-14: $21,063,393; FY-15: 31,126,614 to be fully dedicated to the County Improvement for Roads & Bridges fund.  (It decreases the amount going to the General Revenue Fund from 29.84% to 24.84%.   That 5% will gradually (3 year period) go to the County Improvements for Roads and Bridges Revolving Fund.)

 2011

SB347 - Stipulates that any municipal employee, including police officers, convicted of a felony will forfeit taxpayer funded retirement benefits. The convicted employees will retain their personal contributions, but taxpayers should not have to fund retirement for municipal employees who abuse the public trust.

SB794 - Eliminates a special retirement benefit feature for Oklahoma elected officials. This feature enabled Oklahoma legislators to accumulate twice the monthly benefit of a regular state employee. Going forward, elected officials will now have the same type of retirement benefit as regular state employees.

HB1953 - Establishes a business deal closing fund which will enable Oklahoma to invest in infrastructure projects to attract jobs to Oklahoma. The State will retain a vested interest in all joint public-private business deals with "claw-back" penalties for companies that don't produce the jobs specified for the business project.

HB2132 - Requires that all of Oklahoma's six pension systems actually fund all cost of living adjustments. This reduces the total future unfunded liability of the State's pension plans from $16 billion to $10 billion.

2010

SB938 - Created the 21st Century Quality Jobs Incentive Act, which builds on the highly successful Quality Jobs Program to grant even greater incentives to companies who produce jobs which are significantly higher than Oklahoma's average income per person.

SB1264 - Allows a person a level of privacy by being able to place a post office box number as their address on a driver’s license, suggested by a constituent after her purse was stolen.

SB1267 - Places a moratorium on special interest tax credits.

SB1631 - Eliminated the prohibition for municipalities to help develop retail establishment, helping Bixby to collaborate with retailers wishing to locate in Bixby.

2009

SB909 - Enables new businesses in Oklahoma to benefit from both the Quality Jobs program and the Investment Tax Credit program. Oklahoma has been losing business to other states because both programs were not being offered to potential new employers. Among companies that will benefit from SB909 is the Holly Corporation as they purchase a local refinery and keep over 400 jobs in Tulsa that would otherwise have been lost.

SB938 - The 21st Century Quality Jobs Act now gives Oklahoma the premier business incentive program in the country. This bill provides greater performance rebates for jobs created which pay more than three times the average county wage.

HB2067 - An innovative program which allows local government entities to combine efforts and resources for infrastructure, investments and economic development programs.

2008

SB1641 - closes a loophole in the Oklahoma Public Employees Retirement System that costs taxpayers millions of dollars by allowing certain elected officials with previous government service to collect more money in retirement than they made in office.

SB1943 - provides financing for major destination development and stimulate tourism projects all across Oklahoma at no cost to the taxpayer.

SB2153 - modifies various provisions relating to Oklahoma Quality Jobs Program Act to allow for two significant Tulsa companies to participate in the program which will help them stay in Tulsa and add another 100 high paying jobs.  The legislation also clarified the timing aspects of incentives earned by the performance of EDS, one of our important local employers.

HB3239 - provides tax incentives to recruit engineering students for aerospace positions in Oklahoma’s important aerospace industry.

2007

SB357 - establishes a long-term solution to bring fiscal stability to the Oklahoma Teachers Retirement System by raising employer contributions through the education budget. An annual infusion of an extra $60 million per year should help the woefully under funded system improve from an unacceptable 50% funded level to an 80% level around the year 2026.

SB861 - provides tax relief to hard-working Oklahomans by (1) accelerating the state income tax reduction from 5.65% to 5.25% one year sooner; (2) establishes our first back-to-school sales tax holiday; (3) eliminates the franchise tax for most small businesses; and (4) provides a tax credit for families with children.

SB407 - allows the Grand River Dam Authority to enter into derivative products and financial instruments to manage interest rate costs in connection with issuing bonds. Also creates the Joint Legislative Task Force on the Grand River Dam Authority to study its functions, policies, procedures and expenditures.

HB2070 - adds the Firefighters, Police and Law Enforcement Retirement Systems to the requirements of the Oklahoma Pension Legislation Actuarial Analysis Act. This will ensure that legislation affecting these systems will have to go through the Senate process of comprehensive cost analysis and funding for any approved legislation.

2006

SB1771 - creates the Oklahoma State University Medical Authority Act to ensure this hospital and medical teaching university stays in Tulsa for the long-term.

SB1894 - creates the Oklahoma Pension Legislation Actuarial Analysis Act, which requires all changes to the retirement system go through a two-year process in the legislature. An in-depth fiscal analysis must be performed on each proposed change once a bill has been introduced so that lawmakers have a true idea of how the retirement system will be enacted.

2005

SB1020 - helps protect soldier’s families by creating the Oklahoma Funeral Picketing Act and provides for a specific time and distance protesters can use to picket at funerals.

HB2538 - streamlines the adoption process by allowing an easier process for terminating parental rights. This bill also defined conduct that constitutes the crime of child trafficking.

SB407 - modified the Small Employer Quality Jobs Incentive Act to make the job creation reward program more applicable to technology, research and bio-technology companies.

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Committee Membership

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Offices

Capitol Address
District Address
Senator Mike Mazzei
2300 N. Lincoln Blvd., Rm. 424
Oklahoma City, OK 73105
(405) 521-5675
mazzei@oksenate.gov
Executive Assistant: Roxanne Blystone
PMB 394
6528 E. 101st Street, Suite D-1
Tulsa, OK 74133

or

1375 E. 71st Street
Tulsa, OK 74136

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District Information: District 25

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Zip codes Represented

  • 74008, 74011, 74012, 74037, 74129, 74133, 74137, 74145, and 74146.

 

Counties Represented

  • Tulsa

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Press Releases
Archives: 2013 | 2012 | 2011 | 2009 | 2008 | 2007 | 2006 | 2005

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