Taxes and Incentives
(62 O.S. § 690.1)
Enterprise Zones can be designated in disadvantaged counties, cities or portions of cities. The Oklahoma Department of Commerce designates enterprise zones and publishes lists of eligible counties, cities and census tracts.
Businesses located in an Enterprise Zone are eligible to receive double the Investment/New Jobs Tax Credit. Additionally, companies obtaining ad valorem exemptions from local taxing entities could be exempted for up to six years, rather than five. Refer to 62 O.S. § 860 for eligibility requirements.
An online searchable address map for all enterprise zones can also be found in the Business Incentives Map at www.okcommerce.gov/data/maps
If you have any questions, feel free to contact Lesli Crofford at Lesli.Crofford@commerce.ok.gov or (405) 815-5120.