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Schedule

Oklahoma Tax Commission

Credit for Manufacturers of Advanced Small Wind Turbines

Estimated Incentive Cost

$178,690

Program Type

Tax credit

Citation

68 O.S. sec.2357.32B

Industry

Renewable Energy

Sunset

7/1/12

Review Year

Excluded
A transferable income tax credit is allowed for Oklahoma manufacturers of advanced small wind turbine products, including rotor blades and alternators. The credit is based on the square footage of roto-swept area of advanced small wind turbines manufactured in this state. This credit is for tax years ending on or before December 31, 2012; however, any unused credit may be carried over for a period of 10 years.
Oklahoma Department of Commerce

Alternative Fuel Vehicle (AFV) Loans

Estimated Incentive Cost

N/A

Program Type

Loan/Loan Participation

Industry

Renewable Energy

Sunset

None Found

Review Year

Excluded
Loan funds are available for privately held Oklahoma companies operating a fleet of three or more vehicles who wish to convert their fleet vehicles to alternative fuel or towards the incremental cost of purchasing new vehicles that are dedicated alternative fuel vehicles.
Oklahoma Development Finance Authorities

Credit Enhancement Reserve Fund

Estimated Incentive Cost

N/A

Program Type

Loan guarantee

Citation

62 O.S. 695.9

Industry

Public

Sunset

None Found

Review Year

Excluded
The Oklahoma Development Finance Authority may use the Credit Enhancement Reserve Fund in order to obtain favorable financing terms for the issuance of obligations authorized by Section 3654 of this title. The commitment from the Credit Enhancement Reserve Fund for any such obligations shall not exceed Ten Million Dollars ($10,000,000.00).
Oklahoma Finance Authority

Finance Authority Programs

Estimated Incentive Cost

N/A

Program Type

Other

Citation

74 O.S. subsec. 851 and 5062.11

Industry

Infrastructure

Sunset

None Found

Review Year

Excluded
Income derived from bonds issued by the Oklahoma Development Finance Authority is exempt from income tax.
Oklahoma Tax Commission

Electric Motor Vehicles

Estimated Incentive Cost

$102,451

Program Type

Tax Credit

Citation

68 O.S. sec.2357.22

Industry

Renewable Energy

Sunset

12/31/19

Review Year

Excluded
A one-time income tax credit is allowed for investments in qualified electric motor vehicle property. The credit is 50% of the cost of the qualified motor vehicle property. In cases where no credit is previously claimed and a motor vehicle is purchased with "factory installed" electrical equipment, and the taxpayer elects not to determine the exact investment cost, the credit is limited to 10% of the motor vehicle purchase price up to $1,500. This credit is for investments in qualified electric motor vehicle property placed in service before July 1, 2010; however, any credit allowed but not used may be carried over for a period of 5 years.
Oklahoma Tax Commission

Biofuels Tax Exemption

Estimated Incentive Cost

Unknown

Program Type

Tax exemption

Citation

68 O.S. sec. 2357.22

Industry

Renewable Energy

Sunset

None Found

Review Year

Excluded
An individual who produces biofuels or biodiesel from feedstock grown on property and used in a vehicle owned by the same individual is exempt from the state motor fuel excise tax.

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