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

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

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MidAmerica Industrial Park and Discovery Plastics partner to manufacture reusable N95 masks

(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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Center of Excellence to aid workforce development at MidAmerica Industrial Park

PRYOR — MidAmerica Industrial Park has long sought ways to lure employers to its 9,000-acre business campus.It believes its Center of Excellence could accomplish just that.MAIP on Tuesday...


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MidAmerica Newsletter Vol. 2019.03

Click here to view MidAmerica's most recent newsletter.


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From the desk of David Stewart: Oklahoma Works Together

A revolutionary plan to address the workforce shortage in Oklahoma started here at MidAmericaAs I mentioned in previous issues, I have been asked by the Governor’s office...


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What’s so Cool About Manufacturing

The businesses located in MidAmerica Industrial Park offer a plethora of jobs. We know that, but does the community?To help convey this message, Rogers State University is partnering with...


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For the past six years, during the first week of October, the MidAmerica team and businesses host Manufacturing Week, a week dedicated to inspiring and recruiting the next generation of...


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MidAmeria’s Center of Excellence set to open February 2020

MidAmerica Industrial Park is set up to open its new workforce Center of Excellence on February 25, 2020. The Center, a space dedicated to technology, training and career opportunities, is the product...


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Nations first BMX venue, dedicated to and built for STEM education, opens

On September 28, MAIP partnered with the USA BMX Foundation to celebrate the official opening of the Mayes County BMX track with a ribbon cutting. Lieutenant Governor Matt Pinnell along with...


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Orchids Paper Products acquired by Cascade Manufacturing location at MAIP

Cascades, a leader in the recovery and manufacturing of packaging and tissue products, recently completed the acquisition of the assets of Orchids Paper Products, a manufacturer and national supplier...


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