Okla. Stat. tit. 40, § 40-6-204

This is the official text of Okla. Stat. tit. 40, § 40-6-204, part of Oklahoma’s Stat. tit. 40, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 40,." Browse the sections below, each linked to its official government source.

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Technology reinvestment apportionment

Official statutory text

TECHNOLOGY REINVESTMENT APPORTIONMENT.

A. 1. For the period beginning January 1, 2023, and ending

December 31, 2027, each employer subject to the provisions of

Sections 3-109, 3-110.1 and 3-113 of this title shall be required to

pay an OESC Technology Reinvestment Apportionment equal to five

percent (5%) of the unemployment taxes that would be owed to the

Oklahoma Employment Security Commission before any rate reduction is

made pursuant to Section 3-109.3 of this title. This apportionment

Oklahoma Statutes - Title 40. Labor Page 192

shall be in addition to any contribution which that employer is

required to make pursuant to the provisions of the Employment

Security Act of 1980.

2. The apportionment provided for in this section shall not be

considered part of any unemployment taxes required of an individual

employer pursuant to the Employment Security Act of 1980, nor shall

it be considered for purposes of determining the individual

employer's tax rate.

B. Employers assigned a tax rate pursuant to Section 3-110.1 of

this title shall pay an OESC Technology Reinvestment Apportionment

equal to the rate reduction granted them pursuant to Section 3-109.3

of this title.

C. Employers making payments in lieu of contributions pursuant

to Sections 3-702, 3-705 and 3-806 of this title shall be exempt

from the provisions of this section.

D. The apportionment shall be made and collected by the

Oklahoma Employment Security Commission for deposit, on a monthly

basis, to the credit of the OESC Technology Fund. Provided, all

monies received by the Oklahoma Employment Security Commission for

the account of the OESC Technology Fund, upon receipt, shall be

deposited in a clearance account.

E. The Oklahoma Employment Security Commission shall promulgate

such rules as may be necessary to implement the provisions of

Sections 3-109.3 and 6-201 through 6-205 of this title.

F. The Oklahoma Employment Security Commission shall create an

annual report detailing the collection of the apportionment funds

and the expenditures from the OESC Technology Fund. The report

shall be filed on or before March 31 of each year following the

effective date of this act. The report shall be filed with the

Governor, the President Pro Tempore of the Senate, the Speaker of

the House of Representatives, the State Treasurer, the State Auditor

and Inspector, and the Director of the Office of Management and

Enterprise Services.

Status: in_force · Read it on the official government site

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