{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-3645.3","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-3645.3","heading":"Definitions","body":"As used in the Large-scale Economic Activity and Development Act\n\nof 2022:\n\n1. \"Application\" means a submission of detailed information by\n\nan establishment that complies with all procedures established by\n\nthe Oklahoma Department of Commerce related to the format, content,\n\nmeans, and timing of submission. Such submissions shall include,\n\nbut not be limited to, a capital expenditure plan outlining\n\nanticipated annual placements-in-service of qualified property and a\n\njob creation plan outlining anticipated annual totals of new direct\n\njobs created;\n\n2. \"Available funds\" means the total amount of monies\n\nidentified for deposit in the Large-scale Economic Activity and\n\nDevelopment Fund by law, less the cumulative total of all rebate\n\npayments, pre-qualified rebate payments, encumbrances, and pre-\n\nencumbrances of the Large-scale Economic Activity and Development\n\nFund;\n\n3. \"Establishment\" means any business, no matter what legal\n\nform, including, but not limited to, a sole proprietorship,\n\npartnership, corporation, or limited liability corporation;\n\n4. \"New direct job\" means full-time employment, employed by the\n\nestablishment, which did not exist in this state prior to the date\n\nof approval, by the Oklahoma Department of Commerce, of an\n\napplication made pursuant to this act. A job shall be deemed to\n\nexist in this state prior to approval of an application if the\n\nactivities and functions for which the particular job exists have\n\nbeen ongoing at any time within six (6) months prior to such\n\napproval; and\n\n5. \"Qualified capital expenditure\" means an expenditure on\n\nproperty in this state after May 1, 2022, depreciable under Internal\n\nRevenue Code, 26 U.S.C., Section 168, that has been verified by the\n\nOklahoma Department of Commerce. The cost of property placed in\n\nservice and expenditures made on behalf of or for the benefit of an\n\nestablishment by a separate business entity shall be considered an\n\n\"expenditure\" of the establishment for purposes of this definition.","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":"85e9f5fbec95967c307478f83388bf14f56c330ccc8388ae0ee177f7ce4e3f82","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-3645.2","next":"us-ok/okla.-stat.-tit.-68-68-3645.4"},"notice":"GroundRules: Original legal text. Not legal advice."}