HOME TAXES & INCENTIVES
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Taxes & Incentives |
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Oklahoma Southeast will work with the State Department of Commerce to help your business obtain the most beneficial incentive package available. Industrial and commercial construction and land costs average 5 to 10% lower nationally, and up to 20% lower than the East or West Coasts. In addition to a low cost of doing business, Oklahoma is well known for its resourceful solutions to state and local financing needs. Pro-business incentives include a five-year property tax exemption; investment/new jobs tax credit, and manufacturing sales tax exemptions. Two-thirds of the state qualifies for accelerated property depreciation with federal tax credits available only in Oklahoma and Alaska. A 2004 study by Pollina Corporate Real Estate notes: “Oklahoma offers one of the most competitive and aggressive business incentive packages in the country, which allows it to take full advantage of its central United States location.” | | |
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