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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.
Oklahoma Tax Commission

Income Tax Credit For Investment In Oklahoma Producer-owned agriculture processing

Estimated Incentive Cost

$70,950

Program Type

Tax Credit

Citation

68 O.S. sec. 2357.25

Industry

Agriculture

Sunset

1/1/10

Review Year

Excluded
An income tax credit is allowed for Oklahoma agricultural producers who invents in Oklahoma producer-owned agricultural processing cooperatives, ventures or marketing associations. This credit is for tax years ending on or before December 31, 2009; however, any unused credit may be carried over for a period of 6 years.
Oklahoma Tax Commission

Research and Development New Jobs Credit

Estimated Incentive Cost

$9,074

Program Type

Tax credit

Citation

68 O.S. sec.54006

Industry

Various

Sunset

Repealed January 1, 2014

Review Year

Excluded
Repealed
Oklahoma Department of Environmental Quality

Biofuels Construction and Permitting Assistance

Estimated Incentive Cost

N/A

Program Type

Other

Industry

Renewable Energy

Review Year

Excluded
The Oklahoma DEQ provides technical and regulatory assistance to small businesses that need permits to construct and operate biodiesel and ethanol production.
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 Department of Agriculture, Food, & Forestry

Cooperative Marketing Loan

Estimated Incentive Cost

N/A

Program Type

Loan/Loan Participation

Citation

2 O.S. 5-3.2

Industry

Agriculture

Sunset

None Found

Review Year

Excluded
Monies from this loan may be used by a group of individuals or an individual on behalf of a group to organize a cooperative for the purpose of marketing a product or to formulate or implement a marketing plan if the cooperative is already in place. The principals in the organization should be individuals rather than a previously existing corporation and those individuals must have some type of cooperative agreement between themselves that will ensure proper accountability for the proposed plan. Individuals are encouraged to seek marketing partners within the state of Oklahoma.

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