{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2357.11a","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2357.11A","heading":"Task Force for the Study of Transferable Tax Credits","body":"A. There is hereby created the Task Force for the Study of\n\nTransferable Tax Credits.\n\nB. The Task Force shall consist of nine (9) members to be\n\nappointed or selected as follows:\n\n1. Three members to be appointed by the Governor at least one\n\nof whom shall be a principal member of the Governor’s staff;\n\n2. Three members, who shall be members of the Oklahoma House of\n\nRepresentatives, to be appointed by the Speaker of the Oklahoma\n\nHouse of Representatives, one of whom shall be the Chair of the\n\nRevenue and Taxation Subcommittee of the Appropriations and Budget\n\nCommittee; and\n\n3. Three members, who shall be members of the Oklahoma State\n\nSenate, to be appointed by the President Pro Tempore of the State\n\nSenate, one of whom shall be the Chair of the Senate Finance\n\nCommittee.\n\nC. The Task Force shall conduct an organizational meeting not\n\nlater than September 30, 2009. A majority of the members present at\n\nthe organizational meeting or any subsequent meeting shall\n\nconstitute a quorum for the purpose of any action taken including\n\nthe preparation and approval of the final report required by\n\nsubsection I of this section.\n\nD. The cochairs of the Task Force shall be the member who is\n\nthe Chair of the Revenue and Taxation Subcommittee of the\n\nAppropriations and Budget Committee and the Chair of the Finance\n\nCommittee of the State Senate.\n\nE. The Task Force shall be authorized to meet as necessary in\n\norder to perform the duties imposed upon it. Legislative members of\n\nthe Task Force shall be reimbursed for travel expenses pursuant to\n\nthe provisions of Section 456 of Title 74 of the Oklahoma Statutes.\n\nOther members of the Task Force shall be reimbursed as provided by\n\nthe appointing authority.\n\nF. The Task Force shall conduct a study regarding all tax\n\ncredits that are transferable to any person or entity other than the\n\nentity to whom or to which the credits are initially made available\n\npursuant to the statute creating the credit. The study shall\n\ninclude, but shall not be limited to:\n\n1. The justification for the enactment of transferable tax\n\ncredits based upon the relevant economics of the applicable industry\n\nor economic sector affected;\n\n2. The economic impact related to the utilization of\n\ntransferable tax credits;\n\n3. Analysis of the utilization of the credits by tax credit\n\npurchasers; and\n\n4. Such other matters related to the tax credit as the Task\n\nForce deems relevant.\n\nG. The Task Force shall be subject to the provisions of:\n\n1. The Oklahoma Open Meeting Act; and\n\n2. The Oklahoma Open Records Act.\n\nH. Staff assistance for the Task Force shall be provided by the\n\nstaff of the Oklahoma House of Representative and the State Senate.\n\nI. The Task Force shall produce a final written report of its\n\nfindings and any recommendations regarding transferable tax credits.\n\nThe report shall be submitted to the Governor, the Speaker of the\n\nOklahoma House of Representatives and the President Pro Tempore of\n\nthe State Senate not later than December 31, 2009.\n\nJ. The provisions of this section shall cease to have the force\n\nand effect of law and the Task Force shall terminate effective\n\nJanuary 1, 2010.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"34cd8d9774bad1a9749d72455fefe3a7c5c62ae55f5887dae0b5724219d73c9a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2357.11","next":"us-ok/okla.-stat.-tit.-68-68-2357.12"},"notice":"GroundRules: Original legal text. Not legal advice."}