{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-843","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-843","heading":"Certification - Payment","body":"A. In order to receive the state local enterprise matching\n\npayment pursuant to the provisions of subsection A of Section 844 of\n\nthis title, the enterprise shall obtain a certification, provided by\n\nthe governing body of the local governmental entity creating the\n\nincentive district, acknowledged by the chief elected official of\n\nthe local governing body that the enterprise has qualified pursuant\n\nto the Local Development Act for sales tax exemption. The\n\ncertification document shall include:\n\n1. The beginning date of the exemption;\n\n2. The ending date of the exemption;\n\n3. The total amount of projected investment to construct or\n\nexpand the facility during the period for which the incentives\n\navailable pursuant to the Local Development Act will be in force and\n\neffect together with a certification by the Oklahoma Department of\n\nCommerce that the facility is located in an enterprise zone; and\n\n4. The legal name and business entity classification of the\n\nentity to which exemption is afforded or to which sales tax payment\n\nis made by the local governmental entity or entities pursuant to the\n\nprovisions of the Local Development Act.\n\nB. The local governing body shall provide a copy of the\n\ncertification document to the Oklahoma Tax Commission.\n\nC. After the enterprise provides a certification from the local\n\ngoverning body, the Tax Commission shall make payment to the\n\nenterprise identified in the certification document equal to the\n\namount of the sales tax from which the enterprise is certified as\n\nexempt as identified in the certification in the manner prescribed\n\nby subsection A of Section 844 of this title.\n\nD. The state local enterprise matching payment shall be made\n\nonly for sales tax foregone by local governmental entities or\n\nrebated to the business enterprise by local entities for purchases\n\nmade by the business enterprise and not on the basis of any sales\n\ntax collected by the business enterprise from consumers or users on\n\ntaxable sales made by the enterprise.\n\nE. In order to receive the state local governmental matching\n\npayment pursuant to the provisions of subsection D of Section 844 of\n\nthis title, the local governmental entity shall provide to the Tax\n\nCommission a certification, acknowledged by its mayor or\n\nchairperson, that such local governmental entity has created an\n\nincrement district pursuant to the Local Development Act which\n\nqualifies for a state local government matching payment. The\n\ncertification document shall include:\n\n1. The beginning date of the increment district;\n\n2. The ending date of the increment district;\n\n3. A description of the project costs authorized by the project\n\nplan for which the state local government matching payments will be\n\nused and the estimated date for substantial completion of the\n\nproject being assisted as described in the application;\n\n4. A certification by the Oklahoma Department of Commerce that\n\nthe project plan is located in an enterprise zone or supports a\n\nqualifying major tourism destination project, and that the\n\nqualifying investment and development has been or will be\n\nsubstantially completed no later than December 31, 2034;\n\n5. The amount of the local sales taxes which have been\n\napportioned during the previous six-month period by the local\n\ngovernmental entity for the payment of project costs pursuant to the\n\nprovisions of the Local Development Act; and\n\n6. The name of the public entity identified in the project plan\n\npursuant to Section 858 of this title as the entity authorized to\n\ncarry out activities pursuant to the project plan.\n\nAfter the local governmental entity provides such certification,\n\nthe Tax Commission shall make payment to the designated public\n\nentity in an amount equal to the lesser of the certified amount of\n\nthe local sales taxes apportioned during the previous six (6) months\n\nor the estimated net direct state benefits as prescribed by\n\nsubsection D of Section 844 of this title.","path":["OK Code","Title 62"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os62.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"635d3c2d543c33442129801ba6b119c78819f1861cc279962fd4ac75b622df65","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-842","next":"us-ok/okla.-stat.-tit.-62-62-844"},"notice":"GroundRules: Original legal text. Not legal advice."}