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Schedule

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.
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.

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