MidAmerica Industrial Park | 4075 Sanders Mitchell St | Pryor Creek, OK 74361 | Phone: (918) 825-3500 | Fax: (918) 825-4022 | Email: dstewart@maip.com
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OKLAHOMA’S LARGEST INDUSTRIAL PARK

American Indian Lands Tax Advantage

Employment Tax Credit

MidAmerica companies that employ enrolled members of Indian tribes and their spouses earning less than $30,000 annually can receive up to a $4,000 non-refundable federal tax credit for certain increases in wages and health insurance costs, with a 3-year carry-back or a 15-year carry-forward per employee.

Accelerated Depreciation
The depreciation incentive provides for a shorter recovery period of approximately 40% for depreciable property other than residential real property improvements. The property must be used in "active" trade or business. This federal tax deferral can substantially increase the after-tax income of businesses. The recovery periods are:

 

Southern Business & Development Magazine selected MidAmerica as one of the Top 10 Super Sites Across the South.



Latest News

Area Leaders Recognized for Workforce Development Efforts

  Recently, three area leaders were recognized for their efforts and commitment to northeast Oklahoma through workforce development initiatives. Barbara Hawkins of the Pryor Area Chamber of Commerce, David…

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MidAmerica Industrial Park provides $1.4 billion economic impact annually

MidAmerica Industrial Park provides a $1.4 billion economic impact annually according to a report compiled by the Tulsa Regional Chamber. Officials at MidAmerica recently completed the 2016 impact study…

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MidAmerica Industrial Park announces $1.2 million STEM investment in area school districts

PRYOR — MidAmerica Industrial Park on Monday announced a $1.2 million investment in STEM labs — science, technology, engineering and math — and career centers in all five Mayes…

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For additional information, please contact us by phone TOLL-FREE at 1-888-627-3500 (in Oklahoma, call (918) 825-3500) or via Email.