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Schedule
Oklahoma Tax Commission
Excise Tax Exemption on Aircraft Sales
Estimated Incentive Cost
$484,339 (FY2019)Program Type
Tax ExemptionCitation
68 O.S. sec. 6003Industry
AerospaceSunset
None foundReview Year
5Generally, excise tax in lieu of sales tax is imposed on the sale, transfer, or lease of aircraft that will be based in Oklahoma. In 2013 the following provision was added: exempts rotary-winged aircraft purchased to be used exclusively for the purpose of training U.S. military personnel or other training authorized by the U.S. government from the levy of aircraft excise tax.
County Tax Assessors, Oklahoma Tax Commission
Five Year Ad Valorem Tax Exemption
Estimated Incentive Cost
$161,200,000 (FY2020)Program Type
Tax ExemptionCitation
68 O.S. sec. 2902 et seq.Industry
VariousSunset
None foundReview Year
5Certain new and expanding manufacturers, research and development companies, certain computer services and data processing companies with significant out-of-state sales, aircraft repair companies, oil refineries, and certain wind power generators may be eligible for ad valorem tax exemptions for up to 5 years.
Oklahoma Historical Society
Historic Rehabilitation Tax Credit
Estimated Incentive Cost
$1,897,007 (FY2018)Program Type
Tax CreditCitation
68 O.S. sec. 2357.41Industry
Historic StructuresSunset
None foundReview Year
5A transferable income tax credit equal to 100% of the federal rehabilitation credit under Title 26 U.S.C. sec.47 is allowed. Unused credit may be carried over for a period of 10 years.
Oklahoma Department of Transportation
Industrial Access Road Program
Estimated Incentive Cost
$2,310,000 (FY2019)Program Type
GrantCitation
Not created by statuteIndustry
InfrastructureSunset
None foundReview Year
5Program is designed to provide assistance to local industrial development by funding, within practical limitations, access facilities connection a specific industry or industrial area directly to the state or local road system.
Oklahoma Capital Investment Board, Oklahoma Tax Commission
Oklahoma Capital Investment Board Programs (Venture Investment Program and Capital Access Program)
Estimated Incentive Cost
$1,500,000 (FY2019)Program Type
Venture Capital, Small Business LoansCitation
74 O.S. sec.5085Industry
VariousSunset
6/30/2020Review Year
5Created to be the state's resource for expanding the supply of equity capital, debt finance and expertise available to Oklahoma companies.
Oklahoma Film & Music Office; Oklahoma Tax Commission
Oklahoma Film Enhancement Rebate
Estimated Incentive Cost
$1,503,408 (FY2019)Program Type
Tax refund or rebateCitation
68 O.S. subsec. 3621-3626Industry
Film and TelevisionSunset
7/1/2027Review Year
5Allows a rebate of up to 37% of qualified expenditures made in Oklahoma that are directly attributable to film, television production, and television commercial. Qualifying expenditures for productions include the cost of construction and operations, photography, sound synchronization, wages and wardrobe, facilities, and related services. Minimum budget for the project shall be $50,000 with a minimum of $25,000 spent in Oklahoma.
Oklahoma Tax Commission
Quality Events Program
Estimated Incentive Cost
$448,334 (FY2019)Program Type
ReimbursementCitation
68 O.S. sec.4301-4311Industry
EntertainmentSunset
6/30/2021Review Year
5Allows communities to recapture eligible expenses for hosting a Quality Event. A "Quality Event" is defined as a new event or a meeting of a nationally recognized organization or its members.
Oklahoma Tax Commission
Tax Credit for Aerospace Employees
Estimated Incentive Cost
$7,400,323Program Type
Tax CreditCitation
68 O.S. sec.2357.304Industry
AerospaceSunset
12/31/2026Review Year
5An income tax credit is allowed for a qualified employee of up to $5,000 per year for a period of time not to exceed five years. Any credit claimed, but not used, may be carried over up to five subsequent taxable years.
Oklahoma Tax Commission
Tax Credit for Aerospace Employers
Estimated Incentive Cost
$314,861Program Type
Tax CreditCitation
68 O.S. sec. 2357.303Industry
AerospaceSunset
12/31/2026Review Year
568 O.S. sec.2357.3032: An income tax credit is allowed for a qualified employer for compensation paid to a qualified employee. The credit is equal to 10% of the compensation paid for the first through fifth years of employment in the aerospace sector if the qualified employee graduated from an institution located in this state; or 5% if the qualified employee graduated from an institution outside of Oklahoma. The credit cannot exceed $12,500 per employee annually.
Oklahoma Tax Commission
Tax Credit for Electricity Generated by Zero-Emission Facilities
Estimated Incentive Cost
$87,900,000 (FY2018)Program Type
Tax CreditCitation
68 O.S. sec.2357.32AIndustry
Renewable EnergySunset
12-31-2021Review Year
5An income tax credit is allowed based on the amount of electricity generated by a qualified zero-emission facility. Wind facilities put into operation after July 1, 2017 are not eligible for the credit. Future use of the credit for non wind facilities is limited to tax year 2021. Credits earned prior to January 1, 2014 are transferable and any unused credit may be carried over for 10 years. For credits earned after January 1, 2014, any credit earned but not used shall be refunded at an amount equal to 85% of the amount of the credit.