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Schedule

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.
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Repealed effective Jan 1 2014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.

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