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Schedule

Oklahoma Department of Commerce

Idle Reduction Weight Exemption

Estimated Incentive Cost

N/A

Program Type

Preferential rate

Citation

47 O.S. sec. 14-109

Industry

Commercial/Industrial Vehicles

Sunset

None Found

Review Year

Excluded
Any vehicle equipped with idle reduction technology may exceed the state's gross vehicle weight limits by up to 400 pounds to compensate for the additional weight of the added idle reduction technology. The additional weight may not exceed the actual certified weight of the idle reduction unit.
Oklahoma Department of Commerce

Private Activity Bond Allocation

Estimated Incentive Cost

N/A

Program Type

Other

Citation

62 O.S. sec. 695.23

Industry

Various

Sunset

None Found

Review Year

Excluded
Private Activity Bonds that render interest payments that are federally tax-exempt, in accordance with the Internal Revenue Code, must receive an allocation from the State Bond Advisor's Office. Public Issuers in Oklahoma may issue Private Activity Bonds up to a federally-established volume cap each year. Generally, allocations are on a first-come, first-served basis, with some size limitation.
Oklahoma Department of Environmental Quality

Brownfields

Estimated Incentive Cost

$400,000

Program Type

Loans/Subgrants

Industry

Manufacturing

Review Year

Excluded
To assist in the remediation of property that was polluted/contaminated and return it to publis use.
Oklahoma Tax Commission

Small Business Administration (SBA) Guarantee Fee Tax Credit

Estimated Incentive Cost

N/A

Program Type

Tax credit

Citation

68 O.S. 2357.30

Industry

Small Business

Sunset

sec.68-2357.30. Repealed by Laws 2013, c. 363, sec. 9, eff. Jan. 1, 2014. 692

Review Year

Excluded
A Small Business Guaranty Fee Credit that was established by a small business in a prior year but not used due to the limitations may be carried over. The unused credit may be carried over for a period not to exceed five years. The credit shall only be claimed against the tax liability resulting from income generated by the small business.
Oklahoma Tax Commission

Gas Usage Tax Credit for Manufacturing

Estimated Incentive Cost

$30,000

Program Type

Tax credit

Industry

Manufacturing

Review Year

Excluded
Repealed
Oklahoma Tax Commission

Railroad Reconstruction or Replacement Expenditures

Estimated Incentive Cost

$640,232

Program Type

Tax Credit

Citation

68 O.S. sec.2357.104

Industry

Rail

Sunset

None Found

Review Year

4
A credit is available that is equal to 50% of an eligible taxpayer's qualified railroad reconstruction or replacement expenditures. The rules provide for the approval of qualified railroad reconstruction or replacement expenditures prior to commencement of a project and provide a certificate of verification upon completion of a project that uses qualified railroad reconstruction or replacement expenditures.
Oklahoma Department of Commerce

The Oklahoma Local Development and Enterprise Zone Incentive Leverage Act

Estimated Incentive Cost

N/A

Program Type

Grant; Loan guarantee

Citation

62 O.S. sec. 840

Industry

Enterprise Zones, Tourism, Military

Sunset

Project must be completed no later than December 31, 2024

Review Year

4
Provides funding for local units of government to match local tax revenue dedicated to support a project located in an enterprise zone, in support of a major tourism destination, or in support of a military growth impact. Projects must be located entirely in an enterprise zone, no more than 10% of the net leasable space may be used for retail, state local government payments cannot be used to supplant local revenue currently being expended within the increment district boundaries, and certification that all projects described within the related project plan will generate either a $1,000,000 in payroll or $5,000,000 in investment.
Oklahoma Department of Career and Technology Education

Training For Industry Program (TIP)

Estimated Incentive Cost

$683,317

Program Type

Other

Citation

no reference

Industry

Various

Review Year

4
TIP can help a new or expanding company create the trained workforce it needs in order to be productive from the start. TIP is delivered through Oklahoma's CareerTech System. It is low or in some cases, no cost to the company.
Oklahoma Department of Commerce

Rural Economic Action Plan

Estimated Incentive Cost

$10,884,894

Program Type

N/A

Citation

62 O.S. 2001

Industry

Rural Development

Sunset

None Found

Review Year

4
Funds are available for cities or towns with a population of 7,000 or less. Any city or town with a population less than 1,750 shall have a higher priority. Rural water districts with less than 525 non-pasture customers, and cities or towns that have a "relatively weaker fiscal capacity" shall have priority. Eligible projects include: sewer line construction or repair and related storm or sanitary sewer projects, water line construction or repair, water treatment, water acquisition, and distribution or recovery and related projects.
Oklahoma Tax Commission

Aircraft Facilities Sales Tax Exemption

Estimated Incentive Cost

None

Program Type

Tax exemption

Citation

68 O.S. sec.1357.5.

Industry

Aerospace

Sunset

none found

Review Year

4
Sales of aircraft and aircraft parts are tax exempt; provided such sales occur at a qualified aircraft maintenance facility. As used in this paragraph, "qualified aircraft maintenance facility" means a facility operated by an air common carrier at which there were employed at least 2,000 full-time-equivalent employees in the preceding year as certified by OESC and which is primarily related to the fabrication, repair, alteration, modification, refurbishing, maintenance, building or rebuilding of commercial aircraft or aircraft parts used in air common carriage.

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