INCENTIVE DESCRIPTION

State: OK
Incentive Type: Property Tax Incentives
Incentive Title: Property Tax Abatements
Description: 1) AD VALOREM TAX EXEMPTIONS Qualified businesses are eligible to receive a property tax abatement for real and personal property for up to 5 years. Qualified businesses must meet investment, job creation, and wage thresholds that are specific to each qualifying business. 2) FREEPORT INVENTORY EXEMPTION Oklahoma's Freeport Law exempts from taxation goods, wares and merchandise that come from ouside the State and leave the State within nine months. 3) AIRCRAFT MANUFACTURERS EXEMPTION LICENSE manufacturers of aircraft may purdhase an exemption license of $250 in lieu of any ad valorem tax upon aircraft owned by the manufacturer.
Eligibility Requirements: 1) Qualified businesses must meet job creation, investment, and wage thresholds. Must file all required applications.
Geographic Restrictions: Statewide
Granting Authority: State of Oklahoma


The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information
Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.