Okla. Stat. tit. 68, § 68-3645.5
This is the official text of Okla. Stat. tit. 68, § 68-3645.5, part of Oklahoma’s Stat. tit. 68, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 68,." Browse the sections below, each linked to its official government source.
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Payment calculation
Official statutory text
A. Subject to the approval and ongoing review of the
eligibility application by the Oklahoma Department of Commerce, the
investment rebate payment authorized by this act shall be equal to
three and four-tenths percent (3.4%) of the cost of the qualified
capital expenditure in the year of expenditure; investment rebate
payments in the same amount shall be allowed in each of the four (4)
subsequent years, provided the Department has verified that the
establishment remains eligible for such payment in each successive
year based on the eligibility criteria of this act.
B. For the purpose of calculating the investment rebate payment
authorized in subsection A of this section, the "cost of the
qualified capital expenditure" shall include the cost of such
capital expenditure by the primary establishment and also the cost
of such capital expenditure by subsidiaries of the primary
establishment, provided such subsidiary is defined or classified in
the NAICS Manual under Industry Group No. 5132, 5222, or 5413.
C. The Oklahoma Department of Commerce is authorized to
conditionally pre-qualify and account for anticipated future
investment rebate payments. The Oklahoma Department of Commerce
shall not pre-qualify investment rebate payments, encumber funds,
pre-encumber funds, or otherwise allocate resources in any way that
would result in the allocation of investment rebate payments in
excess of the balance of available funds in the Large-scale Economic
Activity and Development Fund.
eligibility application by the Oklahoma Department of Commerce, the
investment rebate payment authorized by this act shall be equal to
three and four-tenths percent (3.4%) of the cost of the qualified
capital expenditure in the year of expenditure; investment rebate
payments in the same amount shall be allowed in each of the four (4)
subsequent years, provided the Department has verified that the
establishment remains eligible for such payment in each successive
year based on the eligibility criteria of this act.
B. For the purpose of calculating the investment rebate payment
authorized in subsection A of this section, the "cost of the
qualified capital expenditure" shall include the cost of such
capital expenditure by the primary establishment and also the cost
of such capital expenditure by subsidiaries of the primary
establishment, provided such subsidiary is defined or classified in
the NAICS Manual under Industry Group No. 5132, 5222, or 5413.
C. The Oklahoma Department of Commerce is authorized to
conditionally pre-qualify and account for anticipated future
investment rebate payments. The Oklahoma Department of Commerce
shall not pre-qualify investment rebate payments, encumber funds,
pre-encumber funds, or otherwise allocate resources in any way that
would result in the allocation of investment rebate payments in
excess of the balance of available funds in the Large-scale Economic
Activity and Development Fund.
Status: in_force · Read it on the official government site
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