Okla. Stat. tit. 68, § 68-4504: Incentive payments to proxy establishments

A. A proxy establishment that facilitates the attraction of

remote workers to the State of Oklahoma which meets the

qualifications specified in the Oklahoma Remote Quality Jobs

Incentive Act may receive quarterly incentive payments for a ten-

quarter period. The amount of such payments shall be equal to the

net benefit rate multiplied by the actual gross payroll of new

direct jobs for a calendar quarter as verified by the Oklahoma

Employment Security Commission.

B. In order to qualify to receive incentive payments as

authorized by the Oklahoma Remote Quality Jobs Incentive Act, a

proxy establishment shall be required to:

1. For proxy establishments located in counties with total

population less than five hundred thousand (500,000):

a. have an annual gross payroll for new direct jobs

projected by the Oklahoma Department of Commerce to

equal or exceed Five Hundred Thousand Dollars

($500,000.00) within one (1) year of the first

complete calendar quarter following the start date,

and

b. have a number of full-time-equivalent employees

working an average of thirty (30) or more hours per

week in the new direct jobs equal to or in excess of

eighty percent (80%) of the total number of new direct

jobs; or

2. For proxy establishments in counties with total population

exceeding five hundred thousand (500,000):

a. have an annual gross payroll for new direct jobs

projected by the Oklahoma Department of Commerce to

equal or exceed One Million Five Hundred Thousand

Dollars ($1,500,000.00) within one (1) year of the

first complete calendar quarter following the start

date, and

b. have a number of full-time-equivalent employees

working an average of thirty (30) or more hours per

week in the new direct jobs equal to or in excess of

eighty percent (80%) of the total number of new direct

jobs.

C. In order to receive incentive payments, a proxy

establishment shall apply to the Oklahoma Department of Commerce.

The application shall be on a form prescribed by the Department and

shall contain remote workers, the companies that they presently work

for, and other such information as may be required by the Department

to determine if the applicant is qualified. A proxy establishment

may apply for an effective date for a project, which shall not be

more than twenty-four (24) months from the date the application is

submitted to the Department.

D. In order to qualify to receive incentive payments as

authorized by the Oklahoma Remote Quality Jobs Incentive Act, in

addition to other qualifications specified herein, the proxy

establishment shall be required to include remote workers whose

average annualized wage equals or exceeds the average wage

requirements specified in Section 3604 of Title 68 of the Oklahoma

Statutes.

E. The Department shall determine if the applicant is qualified

to receive incentive payments.

F. If the applicant is determined to be qualified by the

Department, the Department shall conduct a cost/benefit analysis to

determine the estimated net direct state benefits and the net

benefit rate applicable for a ten-quarter period beginning with the

first complete calendar quarter following the start date and to

estimate the amount of gross payroll for a ten-quarter period

beginning with the first complete calendar quarter following the

start date. In conducting such cost/benefit analysis, the

Department shall consider quantitative factors, such as the

anticipated level of new tax revenues to the state along with the

added cost to the state of providing services, and such other

criteria as deemed appropriate by the Department. In no event shall

incentive payments, cumulatively, exceed the estimated net direct

state benefits or exceed the cumulative payments made by a proxy

establishment to remote workers.

G. Upon approval of such an application, the Department shall

x revenues to the state along with the

added cost to the state of providing services, and such other

criteria as deemed appropriate by the Department. In no event shall

incentive payments, cumulatively, exceed the estimated net direct

state benefits or exceed the cumulative payments made by a proxy

establishment to remote workers.

G. Upon approval of such an application, the Department shall

notify the Tax Commission and shall provide it with a copy of the

contract and the results of the cost/benefit analysis. The Tax

Commission may require the qualified establishment to submit such

additional information as may be necessary to administer the

provisions of the Oklahoma Remote Quality Jobs Incentive Act. The

approved proxy establishment shall file quarterly claims with the

Tax Commission and shall continue to file such quarterly claims

during the ten-quarter incentive period to show its continued

eligibility for incentive payments, as provided in Section 6 of this

act, or until it is no longer qualified to receive incentive

payments. The proxy establishment may be audited by the Tax

Commission to verify such eligibility. Once the proxy establishment

is approved, an agreement shall be deemed to exist between the proxy

establishment and the State of Oklahoma requiring the continued

incentive payment to be made as long as the proxy establishment

retains its eligibility as defined in and established pursuant to

this section and Sections 3 and 5 of this act and within the

limitations contained in the Oklahoma Remote Quality Jobs Incentive

Act, which existed at the time of such approval.