Okla. Stat. tit. 68, § 68-3653

As used in this act:

1. "Establishment" means a business that:

a. has at least One Hundred Fifteen Million Dollars

($115,000,000.00) in annual gross compensation paid

with respect to jobs located in Oklahoma according to

Oklahoma Employment Security records and company

reports for the three (3) years prior to the

irrevocable election filing date provided by Section

3658 of this title,

b. has an average salary of at least Forty Thousand

Dollars ($40,000.00) paid to employees as of the

irrevocable election filing date provided by Section

3658 of this title,

c. intends to add substantial gross compensation, as

defined below, with respect to full-time-equivalent

employment located in Oklahoma within three (3) years

of filing an initial irrevocable election with the

Oklahoma Department of Commerce pursuant to the

provisions of subsection A of Section 3658 of this

title,

d. has at least Two Hundred Million Dollars

($200,000,000.00) total investment in Oklahoma,

e. intends to add investment for additional modernization

and retooling of a facility located in the state, on

or after the effective date of this act, of at least

One Hundred Million Dollars ($100,000,000.00), but for

purposes of this act not in excess of an additional

Seven Hundred Million Dollars ($700,000,000.00) within

five (5) years of filing a second irrevocable election

with the Oklahoma Department of Commerce pursuant to

the provisions of subsection A of Section 3658 of this

title, unless the establishment has completed at least

eighty percent (80%) of the expenditures for the

additional investment by the end of the five-year

period in which case the establishment shall be

allowed a one-year extension for completion of the

investment,

Oklahoma Statutes - Title 68. Revenue and Taxation Page 1429

f. for purposes of an initial irrevocable election filed

prior to the effective date of this act, has and

maintains at least one thousand five hundred fifty

(1,550) full-time employees in the state, and

g. is described by Industry Number 3011, Industry Group

Number 301, Major Group 30 of the Standard Industrial

Classification Manual (SIC), latest revision;

2. "Gross compensation" means wages, as defined in Section

2385.1 of Title 68 of the Oklahoma Statutes, and benefits paid on

behalf of employees receiving wages; and

3. "Substantial gross compensation" means annualized

compensation of Four Million Dollars ($4,000,000.00) or more within

three (3) years of filing the initial irrevocable election with the

Oklahoma Department of Commerce pursuant to Section 3658 of this

title.