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Aerospace Industry Credit - tax ok 2025

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The document outlines the Aerospace Industry Credit under Title 68 O.S. Section 2357.202, which provides a refundable tax credit of 15% on qualified expenditures, wages, and training expenses for businesses manufacturing wing components for large commercial aircraft and other aerospace products. The credit applies to taxable years from 2006 to 2008, with a maximum claim limit of $150,000 per year and total qualified expenditures not exceeding $1,000,000. It includes filing instructions and definitions for qualified business enterprises and expenditures.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Am I entitled to an input tax credit?

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The Oklahoma Equal Opportunity Education Scholarship Act allows Oklahomans who donate to eligible public school foundations or public school districts to reallocate tax liabilities and receive a portion of their gift back in state income tax credits.

Who is eligible for input tax credit?

A registered person (including an Input Service Distributor) can claim Input tax credit on the strength of the following conditions: a) He must possess a Tax invoice issued by the supplier of goods or services or both or Debit note issued by a supplier b) He must have received supply of goods or services or both c) He

Does Oklahoma have an RD tax credit?

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Aerospace Industry Credit - tax ok 2025

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