{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-3914","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-3914","heading":"Incentive payments","body":"A. Except for the payment amount required by subsection E of\n\nthis section, an establishment which meets the qualifications\n\nspecified in the 21st Century Quality Jobs Incentive Act may receive\n\nquarterly incentive payments for a ten-year period from the Oklahoma\n\nTax Commission pursuant to the provisions of this act, as verified\n\nby the Tax Commission, in an amount equal to:\n\n1. The gross payroll multiplied by the initial net benefit rate\n\nuntil such time as the establishment creates ten new direct jobs; or\n\n2. The gross payroll multiplied by the fulfillment net benefit\n\nrate after such time as the establishment created and maintains ten\n\nnew direct jobs.\n\nB. In order to receive incentive payments, an establishment\n\nshall apply to the Oklahoma Department of Commerce. The application\n\nshall be on a form prescribed by the Department and shall contain\n\nsuch information as may be required by the Department to determine\n\nif the applicant is qualified. The establishment may apply for an\n\neffective date for a project, which shall not be more than twelve\n\n(12) months from the date the application is submitted to the\n\nDepartment.\n\nC. Before approving an application for incentive payments, the\n\nDepartment must first determine that the applicant meets the\n\nfollowing requirements:\n\n1. Be engaged in a basic industry as defined in the 21st\n\nCentury Quality Jobs Incentive Act;\n\n2. Will hire at least ten full-time employees in this state\n\nwithin twelve (12) quarters of the date of application;\n\n3. Will pay the individuals it employs in new direct jobs an\n\naverage annualized wage which equals or exceeds three hundred\n\npercent (300%) of the average county wage for the county in which\n\nthe applicant is located as that percentage is determined by the\n\nDepartment of Commerce based on the most recent U.S. Department of\n\nCommerce data. For purposes of this paragraph, health care premiums\n\npaid by the applicant for individuals in new direct jobs shall not\n\nbe included in the annualized wage. Provided, no average wage\n\nrequirement shall exceed Ninety-four Thousand Dollars ($94,000.00)\n\nin any county. This maximum wage threshold shall be indexed and\n\nmodified from time to time based on the latest Consumer Price Index\n\nyear-to-date percent change release as of the date of the annual\n\naverage county wage data release from the Bureau of Economic\n\nAnalysis of the U.S. Department of Commerce;\n\n4. Has a basic health benefit plan which, as determined by the\n\nDepartment, meets the elements established under divisions (1)\n\nthrough (7) of subparagraph b of paragraph 1 of subsection A of\n\nSection 3603 of this title and which will be offered to individuals\n\nwithin twelve (12) months of employment in a new direct job;\n\n5. Has not received incentive payments under the Small Employer\n\nQuality Jobs Program Act, the Saving Quality Jobs Act or the Former\n\nMilitary Facility Development Act; and\n\n6. Is not qualified for approval of an application for\n\nincentive payments under the Small Employer Quality Jobs Program\n\nAct, the Saving Quality Jobs Act or the Former Military Facility\n\nDevelopment Act.\n\nD. The Oklahoma Department of Commerce shall determine if an\n\napplicant is qualified to receive the incentive payment. Upon\n\nqualifying the applicant, the Department shall notify the Tax\n\nCommission and shall provide it with a copy of the contract and\n\napproval which shall provide the number of persons employed by the\n\napplicant upon the date of approval and the maximum total incentives\n\nwhich may be paid to the applicant during the ten-year period. The\n\nTax Commission may require the qualified establishment to submit\n\nadditional information as may be necessary to administer the\n\nprovisions of this act. The approved establishment shall report to\n\nthe Tax Commission quarterly to show its continued eligibility for\n\nincentive payments, as provided in Section 3905 of this title.\nives\n\nwhich may be paid to the applicant during the ten-year period. The\n\nTax Commission may require the qualified establishment to submit\n\nadditional information as may be necessary to administer the\n\nprovisions of this act. The approved establishment shall report to\n\nthe Tax Commission quarterly to show its continued eligibility for\n\nincentive payments, as provided in Section 3905 of this title.\n\nEstablishments may be audited by the Tax Commission to verify such\n\neligibility. Once the establishment is approved, an agreement shall\n\nbe deemed to exist between the establishment and the State of\n\nOklahoma, requiring incentive payments to be made for a ten-year\n\nperiod as long as the establishment retains its eligibility and\n\nwithin the limitations of this act as it existed at the time of such\n\napproval.\n\nE. For any contract executed by an establishment on or after\n\nthe effective date of this act, five percent (5%) of the quarterly\n\nincentive payment amount shall be transferred by the Oklahoma Tax\n\nCommission to the Oklahoma Quick Action Closing Fund.","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":"69d2b41196e3050194a92424cd278a668a60b163591f2cb22db7c141d6b85122","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-3913","next":"us-ok/okla.-stat.-tit.-68-68-3915"},"notice":"GroundRules: Original legal text. Not legal advice."}