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OK
Investment/New Jobs Tax Credit Package
Provides Oklahoma tax credits to manufacturers and certain businesses that invest in depreciable property or create new jobs.
About this program
Oklahoma's Investment/New Jobs Tax Credit Package encourages business expansion by allowing qualifying manufacturers and certain other businesses to claim tax credits based on investment in depreciable property or creation of new jobs. Businesses generally elect between investment-based or job-based credit calculations and must meet statutory thresholds.
Eligibility
Eligible applicants are Oklahoma manufacturers and certain qualified businesses that make qualifying investments in depreciable property or create qualifying new jobs.
Requirements
- Business must be a qualifying manufacturer or otherwise eligible business.
- Business must make qualifying investment in depreciable property or create qualifying new jobs.
- Taxpayer must meet applicable statutory thresholds for the selected credit calculation.