Oklahoma Tourism Development Act
Oklahoma Department of Commerce
Who can apply
Who is eligible? Developers and qualifying entities operating a tourism attraction project. For projects that meet requirements, the eligible companies may receive sales tax credits or a sales tax incentive payment annually for up to 10 years up to the amount that is revenue-neutral to the state or 25% of the approved development costs, whichever is lower. The developer (owner) of the tourism attraction asset must complete an application and submit it to the Oklahoma Department of Commerce (Commerce) along with a business plan, marketing plan and development costs of the project. Commerce reviews the application materials and may grant a preliminary approval to the project at which time the developer must pay for a consultant report. After the consultant report is provided, Commerce determ...
About this opportunity
Who is eligible? Developers and qualifying entities operating a tourism attraction project. For projects that meet requirements, the eligible companies may receive sales tax credits or a sales tax incentive payment annually for up to 10 years up to the amount that is revenue-neutral to the state or 25% of the approved development costs, whichever is lower. The developer (owner) of the tourism attraction asset must complete an application and submit it to the Oklahoma Department of Commerce (Commerce) along with a business plan, marketing plan and development costs of the project. Commerce reviews the application materials and may grant a preliminary approval to the project at which time the developer must pay for a consultant report. After the consultant report is provided, Commerce determ...