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Tax Incentives Associated with "Former Indian Reservations in Oklahoma"


Substantial tax incentives based on certain business activity[LIST]
[*]an accelerated depreciation allowance for certain business property used within a former Indian reservation.*[*]employment tax credit for employers of certain enrolled tribal members and their spouses who work within a former Indian reservation. (You'd be surprised how many blonde-headed, blue-eyed people in OK have Native American blood.)[/LIST]
*Since Oklahoma has a large Indian population but does not currently have any Indian reservations, the benefits are available to those involved in business activity in Oklahoma on "former Indian reservations in Oklahoma" thanks to a 1997 congressional amendment to the original law.




Fully Eligible Counties: (53 in number) All counties other than those listed below are fully eligible.

Split Counties: Some of them such as Payne County have a nice portion available. Beckham, Canadian, Cleveland, Ellis, Kay, Kingfisher, Logan, Noble, Oklahoma, Pawnee, Payne. (See map below)

Fully Ineligible Counties: Alfalfa, Beaver, Cimarron, Garfield, Grant, Greer, Harmon, Harper, Jackson, Major, Texas, Woods, Woodward.


Map of Oklahoma showing the counties which are fully within such boundaries (fully eligible counties), the counties fully outside of such boundaries (fully ineligible counties), and the counties where the treaty boundaries do not necessarily or completely match current county boundaries ("split" counties):
[url]http://www.irs.gov/newsroom/article/0,,id=99491,00.html[/url]


Starting a business in Oklahoma? Moving a business to Oklahoma?

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Business owners and people whose jobs allow them to telecommute might appreciate that Drumright (also in Creek county--- which is a former Indian Reservation) is part of the Tulsa Metro "Wide Area Calling Plan", one of the  largest Wide Area Calling areas in the nation. Measuring more than 4,200 square miles within the toll free calling area-there is no charge when calling from the Drumright phone service area to anyone within these parameters.) http://www.att.com/Large-Files/RIMS/Oklahoma/Maps/tulwacp.pdf (broken link)

I'm thinking this through here-- an employer could have a business in Drumright, where a lesser hourly pay than bigger cities is acceptable, be able to do business toll free within a 4,200 square mile area and get accelerated depreciation allowance for certain business property and an employment tax credit by hiring locals who have Indian blood....


Map of the <B>Oklahoma City Wide Area Calling plan" http://www.att.com/Large-Files/RIMS/Oklahoma/Maps/okcwacp.pdf (broken link)

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Ok when I went to the Oklahoma Dept of Commerce site
Dec. 20, 2006 -- President Bush today signed a bill that extends the Indian lands and employment tax credits through 2007 and covers any business and tax activity occurring in 2006.

The incentives are tied to areas in Oklahoma considered former Indian land, which includes about two-thirds of the state.

Other incentives http://staging.okcommerce.gov/test1/dmdocuments/TaxGuide11282006.pdf (broken link)

They have a place where you can get info on buildings and sites and how far it is from the highway
http://www.okcommerce.gov/index.php?option=content&task=view&id=611&Itemid=5 49 (broken link)



(So sorry that it wouldn't let me add it to the above where I'd already posted.)

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Ranked among the "Top 15 Pro-Business States for 2006," Oklahoma is committed to long term economic development, by bringing new business in and helping existing businesses expand and grow profitably.

Rural Business-Cooperative Programs:
Working to support the economic development of businesses and cooperative ventures in rural Oklahoma
[url]http://www.rurdev.usda.gov/ok/business.htm[/url]