Okla. Stat. tit. 68, § 68-4103
This is the official text of Okla. Stat. tit. 68, § 68-4103, 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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Definitions
Official statutory text
For purposes of the Oklahoma Specialized Quality Investment Act:
Oklahoma Statutes - Title 68. Revenue and Taxation Page 1476
1. “Capital costs” means costs for land, buildings,
improvements to buildings, fixtures and for machinery, equipment and
other personal property used in and for the manufacturing process
incurred by a qualified establishment, on or after the effective
date of this act, with respect to the manufacturing site located in
this state and specified in a quality investment agreement;
2. “Department” means the Oklahoma Department of Commerce;
3. “Qualified establishment” means a business entity engaged in
the activity described by Industry Number 3011, Industry Group
Number 301, Major Group 30 of the Standard Industrial Classification
manual, latest revision. No establishment that has been certified
as eligible to participate in the Oklahoma Quality Jobs Incentive
Leverage Act incentive program shall be eligible for any investment
payment pursuant to the Oklahoma Specialized Quality Investment Act.
A qualified establishment shall enter into a quality investment
agrement pertaining to a single manufacturing site as that term is
defined in Section 1352 of this title. No combination of other
locations of an establishment or any related entities of an
establishment shall be included in a quality investment agreement.
An establishment may enter into additional quality investment
agreements for additional sites;
4. “Fiscal year” means the state fiscal year, which shall begin
on July 1 of a calendar year and end on June 30 of the next calendar
year;
5. “Quality investment agreement” means an agreement with
duration, for purposes of computing the total incentive payment
amount, of not more than five (5) years entered into between a
qualified establishment and the Department; and
6. “Start date” means the date on which a qualified
establishment begins accruing benefits because of investment of new
capital costs in a manufacturing site that is designated in a
quality investment agreement with the Oklahoma Department of
Commerce.
Oklahoma Statutes - Title 68. Revenue and Taxation Page 1476
1. “Capital costs” means costs for land, buildings,
improvements to buildings, fixtures and for machinery, equipment and
other personal property used in and for the manufacturing process
incurred by a qualified establishment, on or after the effective
date of this act, with respect to the manufacturing site located in
this state and specified in a quality investment agreement;
2. “Department” means the Oklahoma Department of Commerce;
3. “Qualified establishment” means a business entity engaged in
the activity described by Industry Number 3011, Industry Group
Number 301, Major Group 30 of the Standard Industrial Classification
manual, latest revision. No establishment that has been certified
as eligible to participate in the Oklahoma Quality Jobs Incentive
Leverage Act incentive program shall be eligible for any investment
payment pursuant to the Oklahoma Specialized Quality Investment Act.
A qualified establishment shall enter into a quality investment
agrement pertaining to a single manufacturing site as that term is
defined in Section 1352 of this title. No combination of other
locations of an establishment or any related entities of an
establishment shall be included in a quality investment agreement.
An establishment may enter into additional quality investment
agreements for additional sites;
4. “Fiscal year” means the state fiscal year, which shall begin
on July 1 of a calendar year and end on June 30 of the next calendar
year;
5. “Quality investment agreement” means an agreement with
duration, for purposes of computing the total incentive payment
amount, of not more than five (5) years entered into between a
qualified establishment and the Department; and
6. “Start date” means the date on which a qualified
establishment begins accruing benefits because of investment of new
capital costs in a manufacturing site that is designated in a
quality investment agreement with the Oklahoma Department of
Commerce.
Status: in_force · Read it on the official government site
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