Okla. Stat. tit. 62, § 62-844
This is the official text of Okla. Stat. tit. 62, § 62-844, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
State local enterprise matching payments - Eligibility and
Official statutory text
amount.
Oklahoma Statutes - Title 62. Public Finance Page 537
A. If an enterprise is located within an incentive district
pursuant to the provisions of Section 856 of this title, and the
enterprise either constructs or expands a facility that is located
within an enterprise zone designated pursuant to the provisions of
Section 690.2 of this title, the enterprise shall be eligible for a
state local enterprise matching payment equal to the amount of sales
tax exemption afforded to the enterprise pursuant to Section 860 of
this title.
B. The state local enterprise matching payment shall be made
for the twelve-month period preceding March 1 of each calendar year.
The state local government matching payment shall be made for the
six-month periods preceding March 1 and September 1 of each calendar
year.
C. The state local enterprise matching payment shall be made in
an amount equal to the amount of sales tax for which the enterprise
has received payment during the period prescribed by subsection B of
this section pursuant to Section 860 of this title.
D. Beginning July 1, 2005, the state local government matching
payment shall be made in an amount equal to the lesser of the amount
of local sales taxes which have been apportioned under the
applicable project plan during the period prescribed by subsection B
of this section pursuant to Section 861 of this title or the net
benefit rate multiplied by the actual gross sales derived from the
project, pursuant to the limits provided in Section 842 of this
title.
Oklahoma Statutes - Title 62. Public Finance Page 537
A. If an enterprise is located within an incentive district
pursuant to the provisions of Section 856 of this title, and the
enterprise either constructs or expands a facility that is located
within an enterprise zone designated pursuant to the provisions of
Section 690.2 of this title, the enterprise shall be eligible for a
state local enterprise matching payment equal to the amount of sales
tax exemption afforded to the enterprise pursuant to Section 860 of
this title.
B. The state local enterprise matching payment shall be made
for the twelve-month period preceding March 1 of each calendar year.
The state local government matching payment shall be made for the
six-month periods preceding March 1 and September 1 of each calendar
year.
C. The state local enterprise matching payment shall be made in
an amount equal to the amount of sales tax for which the enterprise
has received payment during the period prescribed by subsection B of
this section pursuant to Section 860 of this title.
D. Beginning July 1, 2005, the state local government matching
payment shall be made in an amount equal to the lesser of the amount
of local sales taxes which have been apportioned under the
applicable project plan during the period prescribed by subsection B
of this section pursuant to Section 861 of this title or the net
benefit rate multiplied by the actual gross sales derived from the
project, pursuant to the limits provided in Section 842 of this
title.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.