Like the 1,000s of other pages of evidence uncovered and descriptions of crimes on this site, this web page is only one part of a massive multi-state entanglement of government corruption and cover-up. See size
Economic Development Tax Credit Qualifying Criteria View
Yellow denotes hidden ways tax credits monetized (counterfeit tax credits are laundered.)
| State Statute | Credit Type | Amount | Notes | |
| Tax Refund Types | ||||
| 68 O.S. § 1001 | Gross Production Tax on Certain Interests (GPT Refunds) | 100% | 1 | |
| 68 O.S. § 1101 | Excise Tax on Petroleum Oil (GPT Refunds) | 100% | 1 | |
| 68 O.S. § 1102 | Excise Tax on Natural Gas and Casinghead Gas (GPT Refunds) | 100% | 1 | |
| Tax Credits Swapped for GP Tax Refunds | ||||
| 68 O.S. § 2357.62 | Small Business Capital (SBC) | 20% | 3, 5, 6 | |
| 68 O.S. § 2357.63 | Small Business Venture (In-conjunction) (SBV) | 20% | 3, 5, 6 | |
| 68 O.S. § 2357.73 | Rural Small Business Capital (RSBC) | 30% | 3, 5, 6 | |
| 68 O.S. § 2357.74 | Rural Small Business Venture (In-conjunction) (RSBV) | 30% | 3, 5, 6 | |
| Tax Credits used to avoid paying the following taxes | ||||
| 68 O.S. § 2370 | Privilege Tax. In lieu taxes for state, national banking associations and credit unions | 2 | ||
36 O.S. § 625.1. |
Insurance premium Tax Credit. Report of premiums, fees and taxes. View |
2, 5 |
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| 36 O.S. § 2030 (I) | Life and Health Guaranty Fund Assessment Credit | 5 | ||
| 36 O.S. § 625.4 | P&C Guaranty Fund Assessment Credit | 5 | ||
| 36 O.S. § 624(A)(2) | Premium Credits to Public Service Authorities | 5 | ||
| 36 O.S. § 625.1 | Home Office Credit | 5 | ||
| 36 O.S. § 628 | Federal Reinsured Crop and Flood Premiums | 5 | ||
| Tax credits its believed a larger percentage was uncovered | ||||
| Tax Credits known or suspected of being involved wrong doing | ||||
| 68 O.S. § 2357.62 | Small Business Capital (SBC) § 2357.60. Short Title § 2357.61. Definitions § 2357.61a. Moratorium on Tax Credits - Qualified Investment in Qualified Small Business Capital Companies and Ventures § 2357.62. Tax Credit for Qualified Investment in Qualified Small Business Capital Companies - Pass-Through Entities § 2357.63. Tax Credit for Qualified Investments in Oklahoma Small Business Ventures - Pass-Through Entities § 2357.63A. Requirements to Claim Tax Credits - Recapture - Subordinated Debt § 2357.63B. Recapture Event § 2357.63C. Required Records § 2357.63D. Determination Letters § 2357.63E. Timing § 2357.64. Required Reports - Financial Statements - Penalties § 2357.65. Report of Credits Claimed and Allowed § 2357.65A. Federally Regulated Investment Companies Duties to the State - Tax Reporting |
20% | 3, 5, 6 | |
| 68 O.S. § 2357.73 | Rural Small Business Capital (RSBC) § 2357.71. Short Title § 2357.72. Definitions § 2357.72a. Moratorium on Tax Credits - Qualified Investment in Rural Small Business Capital Companies and Ventures § 2357.73. Tax Credit for Qualified Investment in Qualified Rural Small Business Capital Companies - Pass-Through Entities § 2357.74. Tax Credit for Qualified Investment in Oklahoma Rural Small Business Ventures - Pass-Through Entities § 2357.74A. Requirements to Claim Tax Credits - Recapture - Subordinated Debt § 2357.74B. Recapture Event § 2357.74C. Required Records § 2357.74D. Determination Letters § 2357.74E. Timing § 2357.75. Required Reports - Penalties § 2357.76. Report of Credits Claimed and Allowed § 2357.76A. Federally Regulated Investment Companies |
30% | 3, 5, 6 | |
| 74 O.S. § 5085 |
Oklahoma Capital Formation Act § 5085.1. Short Title § 5085.2. Oklahoma Needs § 5085.3. Oklahoma Capital Investment Board (OCIB) - Mission § 5085.4. Oklahoma Capital Investment Board OCIB) - Subjection to Policy Development of Oklahoma Futures § 5085.5. Definitions § 5085.6. Oklahoma Capital Investment Board (OCIB) - Directors - Chairman - Meetings - Conflict of Interest § 5085.7. Issuance of Tax Credits § 5085.8. Investments § 5085.9. Publication of Separate Annual Report in Conjunction with Annual Audit - Review by Oklahoma Futures § 5085.10. Authority to Expend Funds to Administer and Operate Programs of Board § 5085.11. Creation of Oklahoma Capital Formation Revolving Fund § 5085.12. Construction of Act § 5085.14. Authority to Adopt Rules, Policies, Procedures and Regulatory and Administrative Measures § 5085.15. Disposition of Funds Remaining after Payment of Expenses and Obligations § 5085.15. Effect of Act upon Enforceability of Obligations or Liabilities of the Oklahoma Capital Investment Board |
$100 million | 5, 7 | |
| 68 O.S. § 2357.4 | Oklahoma Investment/New Jobs Credit (InvNJ) 2% or $1K per new job | 2% | 8 | |
| 68 O.S. § 2357.7 | Venture Capital Investment (VC) § 2357.7. Credit Against Tax for Investments in Qualified Venture Capital Companies - Pass-Through Entities § 2357.7A. Oklahoma Tax Commission Report § 2357.8. Qualified Venture Capital Company Report and Written Statements - System for Registration of Income Tax Credits § 2357.8A. Recapture Events |
20% | 4, 5 | |
| 58 | ||||
Other Tax Credits with partial amounts uncovered included in total |
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68 O.S. § 2357.32A |
Electricity Generated By Zero-Emission Facilities |
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27A O.S. § 2-11-303 |
Hazardous Waste Control Recycling Facility |
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68 O.S. § 2357.104 |
Railroad Modernization |
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| 68 O.S. § 2357.11 | Coal Credit | 5 | ||
| 68 O.S. § 2357.22 | Clean-burning or electric motor vehicle | |||
| 68 O.S. § 2357.25 | Oklahoma Agricultural Producers Credit | |||
| 68 O.S. § 2357.30 | Small Business Guaranty Fee | |||
| 68 O.S. § 2357.303 | Paid Employer in Aerospace Sector | |||
| 68 O.S. § 2357.41 | Rehabilitation Expenditures | 5 | ||
| 68 O.S. § 2357.42 | Space Transportation Vehicle Provider | |||
| 68 O.S. § 2357.46 | Energy Efficient Homes | |||
| 68 O.S. § 2357.67 | Biodiesel Facilities | |||
| 68 O.S. § 2358.7 | Volunteer Firefighter Credit | |||
| Other Tax Credits with partial amounts uncovered but not addressed | ||||
| 68 O.S. § 2357.81 | Local Enterprise Zone Development | |||
| 68 O.S. § 1370.3 | Low Income Sales Tax Relief | |||
68 O.S. § 2357 |
Gas Used In Manufacturing |
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| 68 O.S. § 2357.100 | Poultry Litter | |||
| 68 O.S. § 2357.101 | Film Or Music Project | |||
| 68 O.S. § 2357.102 | Dry Fire Hydrant Credit | |||
| 68 O.S. § 2357.13 | Commercial space industry | |||
| 68 O.S. § 2357.201 | High-Speed Transaction Processing Facilities | |||
| 68 O.S. § 2357.203 | Breeders Of Specially Trained Canines | |||
| 68 O.S. § 2357.204 | Refinery Treatment | |||
| 68 O.S. § 2357.205 | Compliance with Sulfur Regulations | |||
| 68 O.S. § 2357.24 | Historic battle sites | |||
| 68 O.S. § 2357.25A | Agricultural processing marketing associations | |||
| 68 O.S. § 2357.26 | Employers Providing Child Care Programs | |||
| 68 O.S. § 2357.27 | Child Care Service Providers | |||
| 68 O.S. § 2357.28 | Nonstop Air Service From Oklahoma To The Coast | |||
| 68 O.S. § 2357.302 | Employer Tuition Reimbursement for Qualified | |||
| 68 O.S. § 2357.31 | Health Insurance | |||
| 68 O.S. § 2357.32 | Energy systems | |||
| 68 O.S. § 2357.32B | Manufacturers Of Small Wind Turbines | |||
| 68 O.S. § 2357.33 | Food Service Pay Hepatitis A Vaccination For Their Employees | |||
| 68 O.S. § 2357.34 - .40 | Film Or Music Production Related | |||
| 68 O.S. § 2357.402 | Electric Motor Vehicle Manufacturers | |||
| 68 O.S. § 2357.403 | Affordable Housing Tax Credit | 5 | ||
| 68 O.S. § 2357.43 | State earned income Tax credit. | |||
| 68 O.S. § 2357.45 | Biomedical or Cancer Research | |||
| 68 O.S. § 2357.47 | Wages Paid To An Injured Employee | |||
| 68 O.S. § 2357.59 | Other Credits (state type ____________________________) | 3, 4, 6 | ||
68 O.S. § 2357.6 |
Energy Conservation Assistance Fund |
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| 68 O.S. § 2357.66 | Ethanol facilities | |||
| 68 O.S. § 2370.3 | Stafford Loan Origination Fee | |||
| 68 O.S. § 2907 | Low Income Property Tax Relief | |||
| 68 O.S. § 3202 | Development of Commerical Space Industries | |||
| 68 O.S. § 5011 | Sales Tax Relief Credit under | |||
| 68 O.S. § 54002 | Research And Development New Jobs Credit | |||
| 68 O.S. § 54006 | Oklahoma Research and Development Incentives Act | |||
| 68 O.S. § 1215 - 1228 | Business Activity | |||
68 O.S. § 2357.401 |
Wire Transfer Fee |
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| Notes | ||||
| False reported mulitple ways wrong type, wrong year, wrong amount, missing original receiptent, missing chain of custody… | ||||
| (1) Taxes tax credits were swapped for tax refunds | ||||
(2) Taxes tax credits were used to avoid paying |
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| (3) Capital Formation Incentive Act. 68 O.S. § 2357.62, .63, .73, .74 | ||||
| (4) Venture Capital. 68 O.S. § 2357.7 | ||||
| (5) Insurance Premium Tax (Tax Credit used to offset Insurance Premium Tax). 36 O.S. § 625.1. View | ||||
| (6) Bank Privilege Tax (Bank In Lieu Tax). 68 O.S. § 2370 | ||||
| (7) Created and immediately started admending in a way that reinvented the programs. Amended so many times the program was ended and reincarnated with a new name and number | ||||