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I f the first things that come to mind when you think about Oklahoma are oil rigs, Sooner football and endless revivals of a beloved Broadway musical, it’s time to think again. billion in Oklahoma over the next three years. By Jack Rogers From the May/June 2016 Issue. Fallin has a plan that works, and the results to prove it.
For a list of Oklahoma economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide. 3911): This incentive was created to attract growth industries and sectors to Oklahoma in the 21st Century. For more information, contact the Oklahoma Department of Commerce.
The updated Oklahoma incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. For a list of Oklahoma economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide.
However, recent developments have made it difficult to get an accurate fix on the metro pecking order in this critical employment sector, as jobs continue to shift between aerospace hubs in Wichita, Charleston, Seattle and Oklahoma City. billion in Federal individual income taxes, and $1.9 billion in state individual income taxes.
In 2012, the Alliance visited 178 companies to assist with access to capital, workforce training opportunities, permitting issues and site location assistance. Taxpayers may apply 10 percent of the total credit amount per year over a ten-year period against their corporate business tax, insurance premiums tax or gross income tax liability.
Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25
Indiana is a “Right to Work” state and, in recent years, has enacted constitutional property tax caps and reduced the state’s corporate income tax. Walking you through the permitting process. Streamlined approval processes for zoning, permitting and design also aid speed to market. effective buying income. population.
INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.
That, along with a strong economy and zero personal state income tax, make it a great place to do business. The state’s central location, as a gateway between the American South and Midwest and with easy access to the Northeast and Atlantic Seaboard, is within a day’s drive of two-thirds of the nation’s population and household income.
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