New Market Tax Credits (NMTC)-Metafund (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 (NMTC)-Metafund (Oklahoma)
Policy Category Financial Incentive
Policy Type Corporate Tax Incentive, Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, 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 (NMTC)-Metafund program is designed to provide financial capital to areas of significant economic distress. In addition to its $10 million in capital, MetaFund has received a $54 million New Markets Tax Credits (NMTC) allocation, which is available to banks and other tax credit investors. Census tracts having a poverty rate greater than 20% and/or a median family income of less than 80% of the area's median family income, qualify for the 39% credit, which can be claimed for qualifying loans or investments in eligible census tracts. MetaFund can also facilitate the 20-30% Oklahoma Small Business Tax Credits, which in some cases may be combined with the NMTC.

Policy Contact

Contact Name A. Thomas Loy
Department Commerce
Division Meta fund
Address 2225 N. May Avenue, Oklahoma City, OK 73107

Phone 405-949-0001