Remove Fabrication Remove Inventory Remove Liability Remove Oklahoma City
article thumbnail

Oklahoma Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Subzones may be established for single purpose manufacturing/fabricating and distribution operations. Sales/Income Tax Credit for Tourism Attraction Projects: The Oklahoma Tourism Development Act provides an incentive for qualified new or expanding tourism facilities and attractions.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

Inventory is exempt from property tax. If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

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. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

Income 75