{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-3905","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-3905","heading":"Quarterly reports to Commission - Quarterly incentive","body":"payments.\n\nA. 1. Beginning with the first complete calendar quarter after\n\nthe application of the establishment is approved by the Oklahoma\n\nDepartment of Commerce, the establishment shall begin filing\n\nquarterly reports with the Oklahoma Tax Commission that specify the\n\nactual number and individual gross taxable payroll of new direct\n\njobs for the establishment and such other information as required by\n\nthe Tax Commission. In no event shall the first claim for incentive\n\npayments be filed later than three (3) years from the start date\n\ndesignated by the Department. The Tax Commission shall verify the\n\nactual individual gross taxable payroll for new direct jobs. If the\n\nTax Commission is not able to provide such verification utilizing\n\nall available resources, the Tax Commission may request additional\n\ninformation from the establishment as may be necessary or may\n\nrequest the establishment to revise its reports.\n\nThe establishment shall continue filing such reports during the\n\nseven-year incentive period or until it is no longer qualified to\n\nreceive incentive payments. Such reports shall constitute a claim\n\nfor quarterly incentive payments by the establishment.\n\n2. Upon receipt of a report for the initial calendar quarter of\n\nthe incentive period and for each subsequent calendar quarter\n\nthereafter, the Tax Commission shall determine if the establishment\n\nhas met the following requirements:\n\na. created and or maintained the minimum number of new\n\ndirect jobs as specified in paragraph 3 of subsection\n\nC of Section 3904 of this title, and\n\nb. paid the individuals it employed in new direct jobs an\n\nannualized wage which equaled or exceeded the\n\napplicable percentage of the average county wage as\n\nthat percentage was determined by the Oklahoma\n\nDepartment of Commerce upon approval of the\n\napplication.\n\n3. Upon determining that an establishment has met the\n\nrequirements of paragraph 2 of this subsection for the initial\n\ncalendar quarter of the incentive period, the Tax Commission shall\n\nissue a warrant to the establishment in an amount which shall be\n\nequal to the net benefit rate multiplied by the amount of gross\n\ntaxable payroll of new direct jobs actually paid by the\n\nestablishment.\n\nB. Except as provided in subsection C of this section, the\n\nquarterly incentive payment provided for in subsection A of this\n\nsection shall be allowed in each of the twenty-seven subsequent\n\ncalendar quarters.\n\nC. 1. An establishment which does not meet the requirements of\n\nparagraph 2 of subsection A of this section within twelve (12)\n\nmonths of the date of its application, or after July 1, 2011, within\n\ntwenty-four (24) months of the date of its application, shall be\n\nineligible to receive any incentive payments pursuant to its\n\napplication and approval.\n\n2. An establishment which at any time during the twenty-seven\n\nsubsequent calendar quarters does not meet the requirements of\n\nparagraph 2 of subsection A of this section shall be ineligible to\n\nreceive an incentive payment during the calendar quarter in which\n\nsuch requirements are not met.","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":"ccd4eec77840482e5342a07a8a7481c3054fe35da0aae2119e4c1b9cd0fd7cf5","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-3904","next":"us-ok/okla.-stat.-tit.-68-68-3906"},"notice":"GroundRules: Original legal text. Not legal advice."}