New Market Tax Credits-REI (Oklahoma)

From Open Energy Information

Last modified on February 12, 2015.

EZFeed Policy

Place Oklahoma

Applies to States or Provinces Oklahoma
Name New Market Tax Credits-REI (Oklahoma)
Policy Category Financial Incentive
Policy Type Corporate Tax Incentive
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Solar Photovoltaics, Wind energy
Active Policy Yes
Implementing Sector State/Province

Program Administrator Oklahoma Department of Commerce
Primary Website

Last Review 2014-08-08
Last Substantive Modification
to Summary


The New Market Tax Credits-REI is a tool to meet the challenge of economic development in low-income rural and urban communities. This program Objective offers investors an attractive tax benefit through a 39% federal income tax credit for investments. To be eligible, businesses must derive at least 50% of their gross income from a Qualified Low-Income Community.