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Schedule
Oklahoma Tax Commission
Reestablished Production Rebate (Gross Production)
Estimated Incentive Cost
$255,324Program Type
RebateCitation
68 O.S. sec. 1001 FIndustry
EnergySunset
6/30/20Review Year
2Provides for a 28 month rebate of gross production tax for wells brought back to production after being non-producing for 1 year.
Oklahoma Department of Commerce
Small Employer Quality Jobs Program
Estimated Incentive Cost
$291,175Program Type
RebateCitation
68 O.S. sec.3901Industry
Basic IndustrySunset
None FoundReview Year
2Businesses with 90 employees or less that qualify are allowed to receive up to 5% cash-back incentive for up to 7 years to locate or expand in Oklahoma. Qualifying payroll must be attributable to annual salaries that are 110% to 125% of the average wage of the county in which the jobs are located.
Oklahoma Tax Commission
Excise Tax Exemption on Aircraft Sales
Estimated Incentive Cost
$2,608,919Program Type
Tax exemptionCitation
68 O.S. sec. 6003Industry
AerospaceSunset
None FoundReview Year
1Generally, 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. The exemption will sunset January 1, 2018.
County Tax Assessors, Oklahoma Tax Commission
Five Year Ad Valorem Tax Exemption
Estimated Incentive Cost
$49,925,750Program Type
Tax exemptionCitation
68 O.S. sec. 2902 et seq.Industry
VariousSunset
None FoundReview Year
1Certain 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. With the passing of SB498, Electric Wind Generation will no loner be eligible for the program as of January 1, 2017.
Oklahoma Historical Society
Historic Rehabilitation Tax Credit
Estimated Incentive Cost
$9,537,466Program Type
Tax creditCitation
68 O.S. sec. 2357.41Industry
Historic StructuresSunset
None FoundReview Year
1A 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
$1,090,800Program Type
GrantCitation
730 10-1-14Industry
InfrastructureSunset
None FoundReview Year
1Program 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
$680,000Program Type
Venture Capital, Small Business LoansCitation
74 O.S. sec.5085Industry
VariousSunset
6/30/18Review Year
1Created 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
$3,393,896Program Type
Tax refund or rebateCitation
68 O.S. subsec. 3621-3626Industry
Film and TelevisionSunset
7/1/24Review Year
1Allows 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, Department of Commerce
Quality Events Program
Estimated Incentive Cost
$150,712Program Type
ReimbursementCitation
68 O.S. sec.4301-4311Industry
EntertainmentSunset
6/30/18Review Year
1Allows 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
$2,490,226Program Type
Tax creditCitation
68 O.S. sec.2357.304Industry
AerospaceSunset
12/31/17Review Year
1An 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.