Back to Grants
OK
Oklahoma Five-Year Ad Valorem Tax Exemption
Property tax exemption for eligible new, expanded, or acquired manufacturing facilities and equipment.
About this program
Oklahoma's five-year ad valorem tax exemption can abate property taxes on qualifying new, expanded, or acquired manufacturing facilities and equipment for five years, including eligible R&D, warehouse and distribution, refinery, data processing, and aircraft repair uses.
Eligibility
Qualifying manufacturing companies and certain eligible business facilities making new, expanded, or acquired facility and equipment investments in Oklahoma.
Requirements
- Meet qualifying business activity and facility requirements
- File required exemption applications with appropriate local and state authorities
- Document eligible property, equipment, investment, and use