MidAmerica | 4075 Sanders Mitchell St | Pryor Creek, OK 74361 | Phone: (918) 825-3500 | Fax: (918) 825-4022 | Email: dstewart@maip.com
Taxes
An attractive tax environment helps build your bottom line.
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Taxes

An attractive tax environment helps build your bottom line.

At MidAmerica, industries and their employees keep more of what they earn, thanks to profit-enhancing exemptions and low tax rates across the board.

Low corporate taxes and fees: Oklahoma corporations pay no capital gains on property, while low state corporate taxes—a maximum of 6% on income earned in Oklahoma, with liabilities offset by qualified tax credits and other exclusions—make MidAmerica a profitable location for any corporation.

Low unemployment taxes: The Tax Foundation ranks Oklahoma’s unemployment taxes the fifth lowest in the nation. Employer contributions are recalibrated annually according to factors including benefit-wage ratio, with the taxable wage base determined as a percentage of Oklahoma’s average annual wage, which compares favorably to other states.

Low state and county sales tax; no city sales tax: Oklahoma’s sales tax is only 4.5%, Mayes County only 1.375%, and because MidAmerica is located outside city limits, purchases that are not exempt are subject only to state and county taxes. Manufacturers also enjoy numerous exemptions; see a fuller list HERE

Ad Valorem exemptions: While MidAmerica is located in two ad valorem districts, both with ad valorem rates less than .95% of fair cash value, new and expanding qualifying industries may be eligible for ad valorem exemptions for up to five years. Also significant: In Oklahoma, only local governments have the power to make ad valorem assessments on businesses. Mayes County ad valorem taxes are some of the lowest in Oklahoma and the U.S.

Competitive rates in workers compensation insurance: Oklahoma’s robust insurance market offers ample choice and competitive rates. For more information, see the Oklahoma Insurance Department Website

Low personal income tax rates: Rates range from .5% to 5.5%.


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MidAmerica Fact

MidAmerica Industrial Park has an on-site regional business jet airport with 24-hour self-service fueling stations.

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Latest News

MidAmerica Newsletter Vol. 2020.01

Click here to view MidAmerica's most recent newsletter.


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The Power of Reinvention

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MidAmerica Industrial Park receives $100,000 Google Community Grant to assist area school districts with COVID-19 rapid response

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The History of MidAmerica – 60 Years of Success

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Pryor Public Schools Named by Franklin Covey Education as First K-12 District in the World With All Schools Achieving Leader in Me Lighthouse Certification

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(PRYOR, Okla.) – The severe global shortage of reusable N95 masks after the coronavirus outbreak has encouraged several companies to join the fight against the COVID-19 pandemic and...


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‘The dust is still settling’: MidAmerica Industrial Park, City of Owasso detail ways employers responded to coronavirus

Companies at MidAmerica Industrial Park have found many ways to pivot with the COVID-19 pandemic, the park’s top executive said Tuesday.David Stewart is chief administrative office and...


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Armin Road Development Update

MidAmerica’s “Armin Road Development Area,” establishes over 400 new acres of property located in the heart of the Park.  With this expansion, MidAmerica can ensure space...


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