New Market Tax Credits-REI (Oklahoma)

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Last modified on February 12, 2015.

EZFeed Policy

Place Oklahoma


   
Applies to States or Provinces Oklahoma
Name New Market Tax Credits-REI (Oklahoma)
Policy Category Financial Incentive
Policy Type Corporate Tax Incentive
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Solar Photovoltaics, Wind energy
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Oklahoma Department of Commerce
Primary Website http://okcommerce.gov/new-and-existing-business/incentives/



Last Review 2014-08-08
Last Substantive Modification
to Summary
2014-08-08


Summary

The New Market Tax Credits-REI is a tool to meet the challenge of economic development in low-income rural and urban communities. This program Objective offers investors an attractive tax benefit through a 39% federal income tax credit for investments. To be eligible, businesses must derive at least 50% of their gross income from a Qualified Low-Income Community.




      
     
     


















References