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Schedule

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.
Oklahoma Tax Commission

Computer Services / Data Processing / Telecommunications Equipment Tax Refund

Estimated Incentive Cost

None

Program Type

Tax exemption

Citation

68 O.S. 54004

Industry

Infotech

Sunset

None Found

Review Year

4
Oklahoma offers a sales tax refund on the purchase of computers, data processing equipment, related peripherals, telegraph or telecommunications services, and equipment. The company must be a new or expanding business, an addition of 10 new full time employees with an average salary of $35,000, 50% of annual gross revenues must result from sales to out-of-state buyers but may include the federal government, and 75% of annual gross income results from computer services, data processing activities, or research and development activities.
Oklahoma Tax Commission

Computer Services And Data Processing Tax Exemption

Estimated Incentive Cost

None

Program Type

Tax exemption

Citation

69 O.S. 54003

Industry

Infotech

Sunset

None Found

Review Year

4
Sales tax exemption is offered on: sales of machinery and equipment purchased and used by persons and establishments primarily engaged in computer services and data processing.
Oklahoma Tax Commission

Construction Materials Tax Refund

Estimated Incentive Cost

None

Program Type

Tax refund or rebate

Citation

68 O.S. 1359.1

Industry

Construction

Sunset

None Found

Review Year

4
Oklahoma refunds sales taxes paid on construction materials for certain new or expanding manufacturing facilities including: facilities with construction costs exceeding $5 million which create 100 new manufacturing jobs and are maintained for a minimum of 36 months. Construction costs include building and construction costs, and engineering and architectural fees, but not legal fees. Facilities with construction costs exceeding $10 million, and with combined total costs of material, construction, and machinery exceeding $50 million, which add 75 new employees who are retained for 36 months. Facilities with construction costs exceeding $300,000,000 which maintain an employment level of at least 1,750 full time employees. Qualified new or expanding aircraft maintenance and overhaul facilities that create 250 or more jobs, with construction costs totaling at least $5 million.
Oklahoma Tax Commission

Spaceport Exemption

Estimated Incentive Cost

None

Program Type

Tax exemption

Citation

68 O.S. sec. 1356) [32 - 37]

Industry

Aerospace

Sunset

None Found

Review Year

4
Sales of any tangible property to a spaceport user as determined by the Oklahoma Space Industry Development Authority are exempt from sales tax. Launch vehicles, satellites, and such related attached or used property may also be purchased free from sales and use tax.
Oklahoma Tax Commission

Telecommunications Sales Tax Exemption

Estimated Incentive Cost

N/A

Program Type

Tax exemption

Citation

68 O.S. sec.1354 and 1357 [18] [26]

Industry

Telecom

Sunset

None Found

Review Year

4
Sales tax exemptions apply to interstate 1-800, WATS, and interstate private-line business telecommunication services, and to cell phones sold to a vendor who transfers the equipment as part of an inducement to a consumer to contract for wireless telecommunications.

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