Tax Break Tracker Individual Entry

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: 
Oklahoma
Reporting Jurisdiction: 
Oklahoma
Jurisdiction type
State
Fiscal year ending In: 
2019
Program name: 
New Products Development Income Tax Exemptions
Program purpose
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.