{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-867.1","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-867.1","heading":"Incentive or increment district creation – Dissolution –","body":"Annual revenue loss.\n\nA. Within thirty (30) days after the creation of either an\n\nincentive district or an increment district, the sponsoring\n\ngovernmental entity shall notify the Oklahoma Tax Commission, upon\n\nsuch form as the Commission shall prescribe, of the geographic area\n\nwhere the district is located, a description of any locally\n\nauthorized tax incentives, such as property tax exemptions, sales\n\ntax exemptions or for purposes of an increment district, whether\n\nthere is or will be indebtedness incurred the repayment of which\n\nwill partially or entirely be paid from incremental tax revenues\n\napportioned for such purpose.\n\nB. If an incentive district or increment district is dissolved\n\nor for any reason ceases to be operative, the sponsoring entity\n\nshall notify the Oklahoma Tax Commission within thirty (30) days of\n\nsuch dissolution or termination upon a form to be prescribed by the\n\nCommission for such purpose.\n\nC. The Oklahoma Tax Commission, in conjunction with the\n\nOklahoma Department of Commerce, shall make an estimate of the\n\nannual revenue loss resulting from all matching payments to be made\n\npursuant to Section 844 of Title 62 of the Oklahoma Statutes.","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":"f07d57483619179bcbc4485316674c9c41834be455d9608668892fa0b2674b31","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-867","next":"us-ok/okla.-stat.-tit.-62-62-868"},"notice":"GroundRules: Original legal text. Not legal advice."}