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Aerospace Industry Credit Oklahoma Tax Commission State of Form
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People also ask
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What is the Oklahoma tax credit form 564?
A $5,000 credit is allowed to a qualified employee who, on or after January 1, 2009, is employed in Oklahoma by or contracting in Oklahoma with a qualified employer whose principal business activity is in the aerospace sector. The credit is allowed each year for up to the first five years. -
What is the Oklahoma tax credit for natural gas vehicles?
Alternative Fuel Vehicle (AFV) Tax Credit GVWRMaximum Amount6,000 pounds (lbs.) or below$5,5006,001 lbs. to 10,000 lbs.$9,00010,001 lbs. to 26,500 lbs.$26,000Greater than 26,501 lbs.$100,000 -
What is the tax credit for automotive engineers in Oklahoma?
Employee Benefits Engineers currently employed in automotive industry are eligible to receive individual tax credit up to $5,000 per year for 5 years. -
What is the tax credit for aerospace industry in Oklahoma?
Aerospace companies hiring engineers in a variety of fields will receive a tax credit equal to five (5) percent of the compensation paid to an engineer until January 1, 2026, or ten (10) percent if the engineer graduated from an Oklahoma college or university (up to $12,500 per employee per year), plus another credit ...
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