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Schedule

Oklahoma Tax Commission

Commercial Space Industry Credit

Estimated Incentive Cost

$0

Program Type

Tax credit

Citation

68 O.S. sec.2357.13

Industry

Aerospace

Sunset

Repealed effective Jan 1 2014

Review Year

Excluded
An income tax credit is allowed for investments in qualified commercial space industry projects. The credit is 5% of the eligible capital costs. Any credit allowed but not used may be carried over for a period of 4 years. This credit has been repealed effective January 1 2014.
Oklahoma State Treasurer

Rural and Affordable Housing Linked Deposit Program

Estimated Incentive Cost

N/A

Program Type

Loan/Loan Participation

Citation

62 O.S. 2003 Supp., subsec. 91.1 et seq

Industry

Residential

Sunset

None Found

Review Year

Excluded
The Rural and Affordable Housing Linked Deposit Program provides low-interest loans of up to $2 million each to qualified housing developers to construct single-family and multi-family housing in rural Oklahoma and in qualifying areas of urban centers.
Oklahoma State Treasurer

Small Business Linked Deposit Program

Estimated Incentive Cost

N/A

Program Type

Preferential rate

Citation

62 O.S. sec. 88.1A

Industry

Small Business

Sunset

None Found

Review Year

Excluded
Provides low-interest certificates of deposit to financial institutions to provide lending capital to eligible small businesses and certified industrial parks which will directly create new jobs or save existing jobs.
OCAST

Oklahoma Intern Partnerships

Estimated Incentive Cost

$420,000

Program Type

Grant/Reimbursable

Citation

74 O.S., Section 5060.19 AND 74 O.S., Section 5060.28

Industry

N/A

Review Year

Excluded
The purpose of this project funding shall be to improve the State?s R&D base by encouraging greater numbers of undergraduate students to prepare for careers in and related to scientific and technical fields through the support of undergraduate student and undergraduate teaching faculty internships in R&D facilities
OCAST

Oklahoma Plant Science Research

Estimated Incentive Cost

$260,000

Program Type

Grant/Reimbursable

Citation

74 O.S. 5060.53 and O.S. 5060.54

Industry

N/A

Review Year

Excluded
Assist in the accelerated development of technology in the State by supporting applied plant science research activities in existing and emerging technical areas in which the results have: (1) a high probability of leading to commercially successful products, processes or services within a reasonable period of time; and, (2) a significant potential for stimulating economic growth within the State of Oklahoma
Oklahoma Department of Environmental Quality

Recycling, Reuse And Source Reduction Incentive Act

Estimated Incentive Cost

None

Program Type

Tax credit

Citation

27A O.S. sec.2-11-303

Industry

Recycling

Sunset

Repealed effective January 1, 2014

Review Year

Excluded
Any person making a capital investment in buildings, fixtures and/or equipment (collectively known as the "facility") and their installation for the purpose of recycling, reuse, or source reduction of hazardous waste and the storage of such waste immediately prior to recycling or reuse may be entitled to an income tax credit of twenty percent of the amount actually invested in the facility and its installation in accordance with these rules, not to exceed a maximum of $50,000. (Additionally, tax credits received under the RRSRIA cannot exceed a total of $50,000 during a period of any three (3) consecutive tax years.) Upon evaluation by the Department of an application and a determination that the intent of the Recycling, Reuse, and Source Reduction Incentive Act has been met, the Department will issue a certificate to the Oklahoma Tax Commission specifying the capital investment expense eligible for the tax credit and any limitations.

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