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Schedule

Oklahoma Tax Commission

Ethanol Sales Tax Exemption

Estimated Incentive Cost

Unknown

Program Type

Tax exemption

Citation

68 O.S. 500.4 and 68 O.S. 1359

Industry

Biofuel

Sunset

None Found

Review Year

4
The portion of ethanol sold and blended with motor fuel is exempt from sales tax.
OCAST/i2E

Oklahoma Seed Capital Fund

Estimated Incentive Cost

3,500,000

Program Type

Equity investment

Citation

74 O.S. sec.5060.21

Industry

Technology Start-Up Companies

Sunset

none

Review Year

4
OCAST seeks to provide funding to innovative Oklahoma companies. Required co-investment with the private sector leverages the agency's investment. The Seed Capital fund includes a concept component intended to address the needs of companies requiring smaller seed capital investment for earlier-stage projects.
Oklahoma Department of Commerce

Economic Development Pooled Finance

Estimated Incentive Cost

$12,442,284

Program Type

Other

Citation

62 O.S. sec. 891.1

Industry

Multiple

Sunset

None Found

Review Year

4
The Oklahoma Community Economic Development Pooled Finance incentive targets business expansion projects which include job creation and significant investment in facilities, machinery, and equipment. With a $200 million capacity, this incentive is comprised of two funding options: Company-Purchased Debt option and Public Finance Debt option.
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.
Oklahoma Tax Commission

Aircraft Maintenance or Manufacturing Facility Use Tax Refund

Estimated Incentive Cost

None

Program Type

Tax refund or rebate

Citation

68 O.S. sec.1404.3-4

Industry

Aerospace

Sunset

None Found

Review Year

4
Defined as any new or expanded business which adds at least 250 new full-time-equivalent employees, as certified by the Employment Security Commission. In order to quality for the exemption, the construction cost of the new or expanded facility must exceed $5,000,000.
Oklahoma Tax Commission

Aircraft Repairs and Modifications

Estimated Incentive Cost

$2,344,500

Program Type

Tax exemption

Citation

68 O.S. sec. 1357 [28]

Industry

Aerospace

Sunset

None found

Review Year

4
Sales tax does not apply to sales of aircraft engine repairs, modification, and replacement parts, sales of aircraft frame repairs and modification, aircraft interior modification, and paint or sales of services employed in the repair, modification and replacement of parts of aircraft engines, aircraft frame and interior repair and modification, and paint.

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