Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | Oklahoma |
| Effected Jurisdiction: | Oklahoma |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2019 |
| Program name: | New Products Development Income Tax Exemptions |
| Program purpose: | Entrepreneurship/innovation |
| Statutory authority: | 74 O.S. § 5064.7 |
| Abating jurisdiction(s): | State of Oklahoma |
| Applicable taxes: | State Income Tax |
| Method of abatement: | Tax Exemption |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $448,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $448,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | The reporting for Tax Exemptions related to New Products Development Income Tax Exemptions are commingled with other Tax Exemptions on the forms provided to OTC. As a result, it is not possible to determine the amount of tax abated during the fiscal year ended June 30, 2019. |
| Document source: | https://oklahoma.gov/omes/services/accounting-reporting/acfr-archives.html |
