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

New Jobs / Investment Tax Credits and Sales and Use Tax Refunds


New jobs / investment tax credits

For qualified companies, Oklahoma offers a tax credit of $500 for each new job or 1% of the cost of depreciable property, whichever is higher. And because MidAmerica is a state-designated enterprise zone, tax credits are doubled, to 2% of the cost of depreciable property and $1,000 per employee.

The credit is based on investment in depreciable property of at least $50,000 placed in service, and numbers of employees must not decrease as a result of the investment. Any credit allowed in the initial five-year period may be carried over until used by the company. Eligibility is initially determined each year by the taxpayer’s income tax return.

If a business wishes to take the credit based on full-time equivalent employees, each new position must earn at least $7,000 per year.
 

Sales and use tax refunds

Qualifying companies receive sales and use tax refunds on purchases of data processing equipment, related peripherals and telephone or telecommunications service or equipment as well as for construction materials.

Southern Business & Development Magazine selected MidAmerica as one of the Top 10 Sites in the South that Can Accommodate Any Project.



Latest News

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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New Google facility opening in Pryor brings its Oklahoma investment to $2 billion

PRYOR — Google and its uber popular search engine apparently have found a long-term home in Oklahoma. The Internet services company doubled down on its commitment Friday, announcing the…

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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.