FIVE-YEAR AD VALOREM TAX EXEMPTION This exemption is for new, expanded or acquired manufacturing, research/ development or specific computer/ data processing service facilities. Real estate, machinery and equipment used directly in the manufacturing process are eligible. SALES TAX EXEMPTIONS FOR MANUFACTURERS Machinery, equipment and tangible personal property used in design, development and manufacturing are exempt from sales tax. Inputs and consumables used in the manufacturing process are also exempt from sales tax. Oklahoma also provides for a sales tax exemption on the energy consumed in the manufacturing process. Consistently ranked as one of the top programs in the nation, Oklahoma’s Training for Industry Program (TIP) provides customized training and resources to qualifying new and expanding Oklahoma companies at little or no cost to the company. Delivered through the state’s Career Technology Centers, TIP ensures that companies have a productive workforce from the start. RECRUITMENT RESOURCES To facilitate the recruitment process, the Oklahoma Employment Securities CUSTOMIZED EMPLOYEE TRAINING
Commission (OESC) will pre-screen eligible applicants to meet the specifications outlined within job descriptions, test applicants for aptitudes in specific skills and provide any personnel functions necessary to ensure recruitment success. OKLAHOMA AEROSPACE ENGINEERING TAX CREDIT Provides tax credits to engineers hired by or contracting with aerospace companies. Additional tax credits are also given to
28
Made with FlippingBook - professional solution for displaying marketing and sales documents online