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Schedule

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Repealed effective January 1, 2014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.
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

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