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List of Oklahoma tax breaks

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List of Oklahoma tax breaks



The Associated Press

Monday, November 09, 2009

—Livestock purchased outside Oklahoma and brought into the state for feeding or breeding purposes, and which is later resold, $48 million.

—Sales to manufacturers, $1.6 billion.

—Income tax credit for low-income elderly or disabled Oklahomans, $37.8 million.

—Agricultural sales, $63.9 million.

—Sales Tax Holiday, $6.4 million.

—Sales of drugs for the treatment of human beings, medical appliances, devices or equipment including prosthetic devices, $14.8 million.

—Exemption for specified private retirement benefits, $17.6 million.

—Sales of aircraft engine repairs, modification and replacement parts, $2.2 million.

—Sales of drugs, except for over-the-counter drugs, prescribed for the treatment of human beings by a person licensed to prescribe the drugs and sales of insulin and medical oxygen, $60.9 million.

—Income tax exemption for the first $7,500 of most government retirement benefits and Social Security benefits to the extent the Social Security benefits are part of the federal adjusted gross income, $50.2 million for government benefits and $77.5 for Social Security benefits.

—Sales of certain types of advertising, $46.8 million.

—Sales for resale to persons engaged in the business of reselling the articles purchased and who have been issued sales tax permits by the Oklahoma Tax Commission, $1.49 billion.

—Sale of natural or artificial gas and electricity when sold exclusively for residential use, $99.6 million.

—Admissions to professional sporting events involving ice hockey baseball, basketball, football or arena football, or soccer, $691,000.

—Oklahoma Earned Income Tax Credit, $30.2 million.

___

Nov 09, 2009 - 11:46 a.m. EDT

Copyright 2009, The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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