Year Excluded - Evaluation Schedule

Estimated Incentive Cost
N/A

Program Type
Loan/Loan Participation

Industry
Renewable Energy

Sunset
None Found

Review Year
Excluded

Loan funds are available for privately held Oklahoma companies operating a fleet of three or more vehicles who wish to convert their fleet vehicles to alternative fuel or towards the incremental cost of purchasing new vehicles that are dedicated alternative fuel vehicles.

Estimated Incentive Cost
N/A

Program Type
Other

Industry
Renewable Energy

Review Year
Excluded

The Oklahoma DEQ provides technical and regulatory assistance to small businesses that need permits to construct and operate biodiesel and ethanol production.

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.

Estimated Incentive Cost
$400,000

Program Type
Loans/Subgrants

Industry
Manufacturing

Review Year
Excluded

To assist in the remediation of property that was polluted/contaminated and return it to public use.

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Repealed effective Jan 1 2014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 This credit has been repealed effective January 1 2014.

Estimated Incentive Cost
N/A

Program Type
Loan/Loan Participation

Citation
2 O.S. 5-3.2

Industry
Agriculture

Sunset
None Found

Review Year
Excluded

Monies from this loan may be used by a group of individuals or an individual on behalf of a group to organize a cooperative for the purpose of marketing a product or to formulate or implement a marketing plan if the cooperative is already in place. The principals in the organization should be individuals rather than a previously existing corporation and those individuals must have some type of cooperative agreement between themselves that will ensure proper accountability for the proposed plan. Individuals are encouraged to seek marketing partners within the state of Oklahoma.

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).

Estimated Incentive Cost
$178,690

Program Type
Tax credit

Citation
68 O.S. sec.2357.32B

Industry
Renewable Energy

Sunset
7/1/12

Review Year
Excluded

A transferable income tax credit is allowed for Oklahoma manufacturers of advanced small wind turbine products, including rotor blades and alternators. The credit is based on the square footage of roto-swept area of advanced small wind turbines manufactured in this state. This credit is for tax years ending on or before December 31, 2012; however, any unused credit may be carried over for a period of 10 years.

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.

Estimated Incentive Cost
N/A

Program Type
Grant

Citation
2 O.S. 5-3.2

Industry
Agriculture

Sunset
None Found

Review Year
Excluded

Grants are available to anyone who is currently involved in farming, ranching or agritourism and would like to diversify their family farming operation or agritourism venture. Projects must be for non-traditional crops or livestock, on-farm processing of agricultural commodities or agritourism ventures.

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.

Estimated Incentive Cost
$30,000

Program Type
Tax credit

Industry
Manufacturing

Review Year
Excluded

Repealed

Estimated Incentive Cost
N/A

Program Type
Preferential rate

Citation
47 O.S. sec. 14-109

Industry
Commercial/Industrial Vehicles

Sunset
None Found

Review Year
Excluded

Any vehicle equipped with idle reduction technology may exceed the state's gross vehicle weight limits by up to 400 pounds to compensate for the additional weight of the added idle reduction technology. The additional weight may not exceed the actual certified weight of the idle reduction unit.

Estimated Incentive Cost
$70,950

Program Type
Tax credit

Citation
68 O.S. sec. 2357.25

Industry
Agriculture

Sunset
1/1/10

Review Year
Excluded

An income tax credit is allowed for Oklahoma agricultural producers who invents in Oklahoma producer-owned agricultural processing cooperatives, ventures or marketing associations. This credit is for tax years ending on or before December 31, 2009; however, any unused credit may be carried over for a period of 6 years.

Estimated Incentive Cost
N/A

Program Type
Loan/Loan Participation

Citation
2 O.S.sec.5-3.1

Industry
Various

Sunset
None Found

Review Year
Excluded

A marketing loan is to be used for product development and/or implementation of a sound marketing plan for Oklahoma agricultural products and by-products. The products should be new to the particular area targeted for the marketing promotion or should be an expansion of a use or uses of existing products.

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.

Estimated Incentive Cost
$260,000

Program Type
Grant/Reimbursable

Citation
74 O.S. 5060.53 and O.S. 5060.54

Industry
N/A

Sunset
None Found

Review Year
Excluded

Assist in the accelerated development of technology in the State by supporting applied plant science research activities in existing and emerging technical areas in which the results have: (1) a high probability of leading to commercially successful products, processes or services within a reasonable period of time; and, (2) a significant potential for stimulating economic growth within the State of Oklahoma

Estimated Incentive Cost
None

Program Type
Tax credit

Citation
27A O.S. sec.2-11-303

Industry
Recycling

Sunset
Repealed effective January 1, 2014

Review Year
Excluded

Any person making a capital investment in buildings, fixtures and/or equipment (collectively known as the "facility") and their installation for the purpose of recycling, reuse, or source reduction of hazardous waste and the storage of such waste immediately prior to recycling or reuse may be entitled to an income tax credit of twenty percent of the amount actually invested in the facility and its installation in accordance with these rules, not to exceed a maximum of $50,000. (Additionally, tax credits received under the RRSRIA cannot exceed a total of $50,000 during a period of any three (3) consecutive tax years.) Upon evaluation by the Department of an application and a determination that the intent of the Recycling, Reuse, and Source Reduction Incentive Act has been met, the Department will issue a certificate to the Oklahoma Tax Commission specifying the capital investment expense eligible for the tax credit and any limitations.

Estimated Incentive Cost
$9,074

Program Type
Tax credit

Citation
68 O.S. sec.54006

Industry
Various

Sunset
Repealed January 1, 2014

Review Year
Excluded

Repealed

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.

Estimated Incentive Cost
N/A

Program Type
Tax credit

Citation
sec.68-2357.30. Repealed by Laws 2013, c. 363, sec. 9, eff. Jan. 1, 2014. 692

Industry
Small Business

Sunset
None Found

Review Year
Excluded

A Small Business Guaranty Fee Credit that was established by a small business in a prior year but not used due to the limitations may be carried over. The unused credit may be carried over for a period not to exceed five years. The credit shall only be claimed against the tax liability resulting from income generated by the small business.

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.

Estimated Incentive Cost
N/A

Program Type
Grant

Citation
7 U.S.C. 1621

Industry
Agriculture

Sunset
None Found

Review Year
Excluded

To be eligible for this grant, projects must solely enhance the competitiveness of specialty crops in either domestic or foreign markets and must provide a benefit to more than just the applicant. Specialty crops are defined as fruits, vegetables, tree nuts, dried fruits, horticulture, and nursery crops (including floriculture). Projects will be evaluated on how well they enhance the competitiveness of Oklahoma's specialty crops, soundness and quality of the project plan, measureable outcomes and return on investment.

Estimated Incentive Cost
N/A

Program Type
Tax Deduction

Citation
68 O.S. sec.2358

Industry
Agriculture

Sunset
None Found

Review Year
Excluded

Individuals who are swine or poultry producers may deduct depreciation on an accelerated basis for new construction or expansion costs. The same depreciation method elected for Federal purposes will be used, except the assets will be deemed to have a 7-year life.