Research and Development Rebate Program

The Research and Development Rebate program is designed to promote research activities in Oklahoma by supporting job creation, attracting new business, and incentivizing companies already invested in Oklahoma to expand their research footprint within the state. During the 2025 regular session, the Oklahoma Legislature passed  SB 324  creating the Oklahoma Research and Development Rebate Fund and the Oklahoma Research and Development Program. Oklahoma Research and Development Program allows establishments that meet eligibility requirements to claim a 5% rebate for qualified research expenditures that occurred in Oklahoma. Although the program has been established, the legislature has not yet appropriated funds to the Research and Development Rebate Fund . If funds are appropriated, the legislature will determine whether they can be used for prior program years. Final Round for 2023 Applications Open October 2, 2023 Apply for SIDE Act by July 11, 2025 at 5 Applicants are strongly encouraged to read the following documents on this webpage before applying: Agreement for Potential Participation (this document is required to be attached to the application) Program Rules SIDE Act FAQ 2025 3rd Quarter Submission Updates The Oklahoma Department of Commerce is in the process of reviewing the application(s) submitted. 2 nd quarter application(s) will be evaluated by July 25, 2025. Type of Project Number of Applications Submitted Amount Requested Intial Infrastructure 2 $3,817,923 Economic Development 1 $2,000,000 Total 3 $5,817,923 If all 3 rd quarter application(s) are approved for their requested amount(s), there would be $3,266,091.60 remaining for subsequent open periods. After July 25, 2025, Commerce will provide updates on the website for the 3 rd quarter project(s) that were allocated tax credits through the SIDE Act. Application The Oklahoma department of Commerce will be accepting applications for the 2025 program year (most recent tax year) until December 31, 2025. Applications will be evaluated for completeness and eligibility. However, claims will  NOT  be processed until there is an appropriation to the Oklahoma Research and Development Rebate Fund.  If funds are appropriated for the 2025 program year ,  complete  applications meeting eligibility requirements will have their claims processed on a  first-come, first-served basis. Research and Development Rebate Program Application Applications and required materials must be submitted online. All applications received by any other means ( , etc.) will be rejected. Research and Development Rebate Program Attestation Applicants must download, sign and notarize a copy of the attestation and upload a copy when applying. Federal Form 6765 Applicants must upload a copy of the completed form that was filed with the applicant’s tax returns for the applicable tax year. For the 2025 program year, applicants must upload the federal Form 6765 filed with their most recent tax return. Application Timeline: On October 2, 2023, applicants may begin filling out and submitting their online applications for the third and final round for 2023. Applications must be submitted by October 13, 2023 5 CST. Between October 13, 2023 and November 3, 2023, the Oklahoma Department of Commerce will review and score applications. Commerce will provide updates on our website on the number of applications, types of projects and amounts of tax credits requested before November 3, 2023. Applications will be evaluated by November 3, 2023. Commerce will provide updates on our website of the projects that were awarded tax credits through the SIDE Act. On January 2, 2024, Commerce will begin accepting applications for SIDE Act projects that will begin in 2024.