At the end of 2014, businesses and individuals held $417 million in unused income tax credits that could be carried forward to future years. State officials say they can’t predict when the credits might be used and what effect they might have on future budget shortfalls.
| Type of Credit | Carried Over from Prior Years | Earned During 2014 | Used During 2014 | Remaining Credits |
|---|---|---|---|---|
| Oklahoma Investment/New Jobs | $332,184,442 | $53,499,671 | $39,048,733 | $346,635,380 |
| Electricity Generated by Zero-Emission Facilities (Wind Power) | $32,120,789 | $59,047,397 | $58,772,598 | $32,395,588 |
| Investment in Clean-Burning Motor Vehicle Fuel Property | $6,186,834 | $15,179,087 | $11,773,436 | $9,592,485 |
| Qualified Rehabilitation Expenditures | $6,630,719 | $8,751,691 | $6,241,310 | $9,141,100 |
| Construction of Energy Efficient Homes | $3,694,584 | $10,864,482 | $7,423,868 | $7,135,198 |
| Employees in Aerospace Sector | $3,889,678 | $6,663,003 | $5,153,323 | $5,399,358 |
| Coal | $183,001 | $6,159,180 | $3,908,389 | $2,433,792 |
| Rural Small Business Capital | $2,434,150 | Discontinued | $448,868 | $1,985,282 |
| Entities Providing Child Care Services | $703,286 | $295,845 | $128,630 | $870,501 |
| Small Business Capital | $509,804 | Discontinued | $141,805 | $367,999 |
| Railroad Modernization | $503,787 | $341,753 | $544,597 | $300,943 |
| Oklahoma Agricultural Producers | $357,258 | Discontinued | $70,950 | $286,308 |
| Investment in Qualified Electric Motor | $356,555 | Discontinued | $102,451 | $254,104 |
| Small Business Guaranty Fee | $112,041 | $1,411,063 | $1,321,436 | $201,668 |
| Biomedical Research Contribution | $50,442 | $755,260 | $683,856 | $121,846 |
| Wire Transfer Fee | $266,568 | $434,239 | $609,459 | $91,348 |
| Cancer Research Contribution | $24,551 | $385,795 | $335,155 | $75,191 |
| Contributions to Scholarship-Granting Organization | $37,367 | $744,551 | $708,061 | $73,857 |
| Breeders of Specially Trained Canines | $60,720 | Discontinued | $9,073 | $51,647 |
| Poultry Litter | $66,891 | Discontinued | $23,077 | $43,814 |
| Manufacturers of Small Wind Turbines | $35,567 | $167,703 | $178,690 | $24,580 |
| Research and Development New Jobs | $500 | $14,567 | $9,074 | $5,993 |
| TOTAL | $390,409,534 | $164,715,287 | $137,636,839 | $417,487,982 |
