OKLAHOMA CITY (AP) — Oklahoma doles out hundreds of millions of dollars each year to companies in the form of tax credits and other incentives with little oversight or transparency, and there's no way of knowing exactly how much it's costing the state, a lawmaker complained Wednesday during a task force meeting.

Rep. David Dank, who co-chairs the panel studying tax credits, said he hopes the task force recommends that all state tax credits undergo some form of approval, control and accountability that includes a cost-benefit analysis for the state.

"One thing we have determined is that almost without exception, many of these tax credits have no caps," said Dank, R-Oklahoma City. "That's like handing the keys to the car and a credit card to a 16-year-old boy and saying, 'Have fun, son.' But that family is ultimately going to have to balance the budget he wrecks."