Investment/New Jobs Tax Credits provide growing manufacturers a significant tax credit based on either an investment in depreciable property OR on the addition of full-time-equivalent employees engaged in manufacturing, processing, or aircraft maintenance.

Bottom-Line Benefit
A five-year tax credit on the greater of 1% per year of investment in qualified new depreciable property or a credit of $500 per year per new job, doubled in an Enterprise Zone. Other incentives under this option include:

• Sales Tax Refunds on construction materials for certain manufacturers and aircraft maintenance repair facilities; on purchases of computers, data processing equipment, telecommunications equipment for certain aircraft facilities; and for purchases of computer services and data processing equipment for qualified computer services or research and development companies.
• Income Tax Exemptions/Credits for hazardous waste recycling reuse or source reduction; for CNG conversion; and for insurance premiums.

Eligibility
Open to manufacturers with a sales tax exemption permit who are not participants in the Quality Jobs incentive program. 

2010 Enterprise Zone List

Disclaimer
The materials contained on this website have been prepared by the Oklahoma Department of Commerce for informational purposes only and do not constitute legal or tax advice. This information is subject to change based on judicial interpretation and legislative action. The application of the information is subject to your unique facts and circumstances. YOU SHOULD NOT ACT UPON ANY INFORMATION CONTAINED IN THESE MATERIALS WITHOUT SEEKING YOUR OWN PROFESSIONAL LEGAL AND TAX ADVICE.