New Oklahoma State Tax Credit Program (SIDE Credit)

On Thursday, May 26th, Governor Kevin Stitt of Oklahoma signed into law the Strategic Industrial Development Enhancement Tax Credit program (“SIDE Credit”).  This new program will provide a 50% tax credit incentive for the development of new rail infrastructure to serve new and expanding businesses located adjacent to Class II/III railroads in rural Oklahoma.  The SIDE Credit program also provides a 10% tax credit incentive for the companies that expand


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