Incentives/Tax Burdens

This measure is composed of 10 different measures consistently mentioned on the Chamber of Commerce websites of Tulsa's regional competitors.

It is important to note that while a city may say it offers incentives, the qualifications, definitions, and intensity of those incentives may vary greatly.

View the table of identified incentives, their corresponding definitions, and city affiliations.

Definitions

Quality Jobs Program: Provides money back or tax credits to companies that create jobs and promote economic development. These are usually state programs and they vary a great deal from state to state.

Enterprise Zone: Tax breaks are offered to businesses that locate themselves in these zones. They are typically zones located in disadvantaged counties, cities, or portions of cities.

New Jobs Training Program: Offers reduced costs to companies providing occupational skills training to their employees.

Foreign Trade: These zones allow businesses the incentive of deferring duties payments, decreasing costs concerning U.S. Customs, bank fees, insurance fees, and other costs associated with various vendors.

Property Tax Abatement: Tax reduction offered to those who make improvements to real and/or personal property. Tax abatements are different than exemptions, which are also offered in various states, including Oklahoma.

Development Bonds: Various tax exemptions offered for projects enhancing economic development.

Green Energy Tax Exemptions: Tax exemptions provided to businesses purchasing and utilizing energy-saving equipment.

Sales and Use Tax Credit: Sales and use tax refunds issued to various manufacturers and businesses.

Freeport Exemptions: This includes exemptions on goods, wares, and merchandise that come from outside the state.

Income Tax Credit: Offered to businesses for various reasons, but generally due to job creation in a new location or expansion in the state. This is usually a state-offered program, and will not vary among cities within the same state.