{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-4104","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-4104","heading":"Quality investment agreements – Duration – Investment –","body":"Terms.\n\nA. A qualified establishment shall be eligible to enter into a\n\nquality investment agreement with the Oklahoma Department of\n\nCommerce for a period not to exceed five (5) years.\n\nB. Under such an agreement, the establishment shall agree to\n\nabide by the terms of the agreement in accordance with the\n\nprovisions of this act, including investing capital costs in this\n\nstate in a projected amount each year during the term of the\n\nagreement. Actual investment amounts may vary from those amounts\n\nspecified in the agreement, but in no event shall the quality\n\ninvestment payments made exceed an amount that is based on the\n\nestimated amount in the agreement or the actual investment amount\n\nlisted in the claim and verified by the Oklahoma Tax Commission.\n\nThe total amount of capital costs eligible for investment payments\n\nto a qualified establishment shall not exceed Fifty Million Dollars\n\n($50,000,000.00). In exchange, the state shall agree to make an\n\nannual payment in an amount equal to ten percent (10%) of the amount\n\nof capital costs invested by the qualified establishment in this\n\nstate during the preceding fiscal year.\n\nC. No investment payment authorized by this act shall be made\n\nto a qualified establishment until July 1, 2005, or thereafter. The\n\namount of investment payment shall not exceed a total of One Million\n\nDollars ($1,000,000.00) for any fiscal year during which a quality\n\ninvestment agreement is in effect.\n\nD. If a qualified establishment makes a capital investment\n\nduring any period of time in excess of Ten Million Dollars\n\n($10,000,000.00) and the amount of the investment payment to which\n\nthe establishment is otherwise entitled by this act would exceed the\n\nlimit prescribed by subsection C of this section, the establishment\n\nmay carry over the excess investment payment amount to any\n\nsubsequent fiscal year and may be paid such amount in a subsequent\n\nyear if the combined amount of the carryover and investment payment\n\nbased on actual capital investment for the preceding period does not\n\nexceed One Million Dollars ($1,000,000.00). Not more than Five\n\nMillion Dollars ($5,000,000.00) in total investment payments shall\n\nbe payable or paid to a qualified establishment.\n\nE. Any carryover amount may be carried over for a period of\n\ntime necessary in order for the qualified establishment to be paid\n\nthe full amount of investment payments authorized by this act based\n\nupon actual capital investment made in the state during the term of\n\nthe quality investment agreement.\n\nF. A qualified establishment may enter into a quality\n\ninvestment agreement with the Department according to the following\n\nprocedures:\n\n1. The establishment shall make an initial application to the\n\nDepartment on a form prescribed by the Department containing such\n\ninformation as may be required by the Department;\n\n2. The Department shall determine if the establishment meets\n\nthe following requirements:\n\na. the establishment is engaged in manufacturing\n\ndescribed by Industry Number 3011, Industry Group\n\nNumber 301, Major Group 30 of the Standard Industrial\n\nClassification Manual, latest revision, at a specified\n\nsite in this state,\n\nb. the establishment has been located and doing business\n\nin this state for a continuous period of time of not\n\nless than ten (10) years prior to the date of the\n\napplication,\n\nc. the establishment offers, or will offer within twelve\nof the Standard Industrial\n\nClassification Manual, latest revision, at a specified\n\nsite in this state,\n\nb. the establishment has been located and doing business\n\nin this state for a continuous period of time of not\n\nless than ten (10) years prior to the date of the\n\napplication,\n\nc. the establishment offers, or will offer within twelve\n\n(12) months of entering into a quality investment\n\nagreement, a basic health benefits plan as described\n\nin subparagraph b of paragraph 1 of subsection A of\n\nSection 3603 of Title 68 of the Oklahoma Statutes to\n\nits employees in this state,\n\nd. the establishment will incur, with respect to the\n\nmanufacturing site which is the subject of the\n\nagreement, capital costs projected to equal or exceed\n\nTen Million Dollars ($10,000,000.00) within the period\n\nof the quality investment agreement, and capital costs\n\nprojected to equal or exceed One Million Dollars\n\n($1,000,000.00) during the first year of the\n\nagreement,\n\ne. the establishment will maintain Oklahoma taxable\n\npayroll during the period of the quality investment\n\nagreement and for at least two (2) years following\n\nexpiration of the agreement in an amount not less than\n\nsixty percent (60%) of the establishment’s Oklahoma\n\ntaxable payroll as of the start date, and\n\nf. the establishment will pay its employees in this state\n\nan average annualized wage which equals or exceeds\n\nForty Thousand Dollars ($40,000.00) exclusive of\n\nhealth care benefits paid for by the establishment;\n\nand\n\n3. The determination shall be made upon application of the\n\nestablishment and annually thereafter as a condition of receiving an\n\ninvestment payment pursuant to the provisions of this act.\n\nUpon approval of an establishment, the Department shall enter\n\ninto a quality investment agreement with the establishment for a\n\nperiod not to exceed five (5) years. The agreement shall specify\n\nthe start date and the duration of the agreement. The agreement\n\nshall provide that:\n\na. the establishment shall receive an investment payment\n\nin an amount determined by the provisions of this\n\nsection,\n\nb. the establishment shall continue to meet the\n\nrequirements of paragraph 2 of this subsection and all\n\nother provisions of this act for the duration of the\n\nagreement, and\n\nc. the establishment shall agree to make an investment in\n\ncapital costs in this state in a projected amount for\n\neach year of the agreement.","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":"ee4f4877695521ca2e4c141c7b001d874824575118a7202d013a2b8fc4795941","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-4103","next":"us-ok/okla.-stat.-tit.-68-68-4105"},"notice":"GroundRules: Original legal text. Not legal advice."}