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Schedule

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.
Oklahoma Tax Commission

Commercial Space Industry Credit

Estimated Incentive Cost

$0

Program Type

Tax credit

Citation

68 O.S. sec.2357.13

Industry

Aerospace

Sunset

Repealed effective Jan 1 2014

Review Year

Excluded
An income tax credit is allowed for investments in qualified commercial space industry projects. The credit is 5% of the eligible capital costs. Any credit allowed but not used may be carried over for a period of 4 years. This credit has been repealed effective January 1 2014.
Oklahoma State Treasurer

Rural and Affordable Housing Linked Deposit Program

Estimated Incentive Cost

N/A

Program Type

Loan/Loan Participation

Citation

62 O.S. 2003 Supp., subsec. 91.1 et seq

Industry

Residential

Sunset

None Found

Review Year

Excluded
The Rural and Affordable Housing Linked Deposit Program provides low-interest loans of up to $2 million each to qualified housing developers to construct single-family and multi-family housing in rural Oklahoma and in qualifying areas of urban centers.
Oklahoma State Treasurer

Small Business Linked Deposit Program

Estimated Incentive Cost

N/A

Program Type

Preferential rate

Citation

62 O.S. sec. 88.1A

Industry

Small Business

Sunset

None Found

Review Year

Excluded
Provides low-interest certificates of deposit to financial institutions to provide lending capital to eligible small businesses and certified industrial parks which will directly create new jobs or save existing jobs.
OCAST

Oklahoma Intern Partnerships

Estimated Incentive Cost

$420,000

Program Type

Grant/Reimbursable

Citation

74 O.S., Section 5060.19 AND 74 O.S., Section 5060.28

Industry

N/A

Review Year

Excluded
The purpose of this project funding shall be to improve the State?s R&D base by encouraging greater numbers of undergraduate students to prepare for careers in and related to scientific and technical fields through the support of undergraduate student and undergraduate teaching faculty internships in R&D facilities

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