{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-3915","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-3915","heading":"Quarterly reports","body":"A. 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\nten-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. during the initial twelve (12) quarters of the\n\ncontract or until the establishment creates ten new\n\ndirect jobs, paid the individuals it employed in new\n\ndirect jobs an average annualized wage that exceeded\n\nthe requirements of paragraph 3 of subsection C of\n\nSection 3914 of this title, or\n\nb. after the establishment created ten new direct jobs:\n\n(1) paid the individuals it employed in new direct\n\njobs an average annualized wage which equaled or\n\nexceeded the requirements of paragraph 3 of\n\nsubsection C of Section 3914 of this title, and\n\n(2) created and/or maintained the minimum number of\n\nnew direct jobs as specified in the 21st Century\n\nQuality Jobs Incentive Act.\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 either:\n\na. the initial net benefit rate multiplied by the amount\n\nof gross taxable payroll of new direct jobs actually\n\npaid by the establishment during the initial twelve\n\n(12) quarters of the contract or until the\n\nestablishment reaches ten new direct jobs, whichever\n\ncomes first, or\n\nb. the fulfillment net benefit rate multiplied by the\n\namount of gross taxable payroll of new direct jobs\n\nactually paid by the establishment after it creates or\n\nmaintains ten new direct jobs.\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 thirty-nine (39) 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\nquarters of the date of its application shall be ineligible to\n\nreceive any incentive payments pursuant to its application and\n\napproval.\n\n2. An establishment which at any time during the thirty-nine\nallowed in each of the thirty-nine (39) 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\nquarters of the date of its application shall be ineligible to\n\nreceive any incentive payments pursuant to its application and\n\napproval.\n\n2. An establishment which at any time during the thirty-nine\n\n(39) subsequent 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.\n\n3. An establishment which has met the requirements of paragraph\n\n2 of subsection A of this section within twelve (12) quarters of the\n\ndate of its application, but which at any time during the subsequent\n\ntwenty-eight (28) quarters fails to meet the requirements of\n\nparagraph 2 of subsection A of this section in four (4) consecutive\n\nquarters, shall be ineligible to receive any further incentive\n\npayments pursuant to its application and approval.","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":"5a6cf79849b338aef99820ec4c5989a7fbd61aa9958cbc59a167cbc60b218a74","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-3914","next":"us-ok/okla.-stat.-tit.-68-68-3916"},"notice":"GroundRules: Original legal text. Not legal advice."}