Transcription of Oklahoma Business Incentives and Tax Guide
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Oklahoma Business Incentives and Tax Guide
2022 Oklahoma Business Incentives & Tax Guide 1 Oklahoma Business Incentives AND TAX Guide PUBLISHED JUNE 2022 Welcome to the 2022 Oklahoma Business Incentives and Tax Information Guide . The rules, legislation and appropriations related to taxes and Incentives are very dynamic, and as changes occur, this Tax Guide will be updated. We encourage you to refer often to this online tax Guide , as well as the various included hyperlinks, to get the most current information. TABLE OF CONTENTS CASH PAYMENT Incentives .. 5 SMALL EMPLOYER QUALITY JOBS PROGRAM .. 9 21st CENTURY QUALITY JOBS PROGRAM .. 14 Oklahoma QUALITY EVENTS PROGRAM .. 17 Oklahoma QUICK ACTION CLOSING FUND .. 18 Oklahoma Business EXPANSION INCENTIVE PROGRAM .. 18 AD VALOREM EXEMPTION .. 22 AD VALOREM EXEMPTION FOR COMPUTER SERVICES AND DATA PROCESSING .. 23 AD VALOREM EXEMPTION FOR WAREHOUSING AND DISTRIBUTION FACILITIES.
• Average wage of all newly created full-time jobs must be equal to the average county wage or the state threshold wage, whichever is lower. • Company must achieve $2.5 million new annual taxable payroll within 3 years. • Must offer basic health insurance to employees within 180 days of employment. Employee must not pay
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