{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-4106","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-4106","heading":"Claims for investment payments – Timing – Verification –","body":"Cessation of payments and recovery of payments when agreement terms\n\nnot met – Additional payments.\n\nA. As soon as practicable after the end of a fiscal year for\n\nwhich a qualified establishment has qualified to receive an\n\ninvestment payment, the establishment shall file a claim for the\n\npayment with the Oklahoma Tax Commission for ten percent (10%) of\n\nthe total amount of capital costs actually invested by the\n\nestablishment during such fiscal year.\n\nB. If the first claim for investment payment is filed later\n\nthan two (2) years from the start date designated by the Department,\n\nthe agreement shall be deemed expired and void.\n\nC. The Tax Commission shall verify for each fiscal year the\n\nactual amount of capital costs and the actual tax benefit accrued or\n\nto be accrued to the State of Oklahoma. If the Tax Commission is\n\nnot able to provide such verification utilizing all available\n\nresources, the Tax Commission may request such additional\n\ninformation from the establishment as may be necessary or may reject\n\nthe establishment’s claim based upon analysis of actual capital\n\ncosts incurred by the establishment.\n\nD. If the qualified establishment does not meet the terms of\n\nthe agreement and all provisions of this act, investment payments\n\nshall cease and shall not be resumed, and the agreement shall expire\n\nand be void. The Oklahoma Department of Commerce may seek to\n\nrecover in a court of competent jurisdiction any payments made to a\n\nqualified establishment if the establishment does not comply with\n\nthe requirements of subparagraph e of paragraph 2 of subsection F of\n\nSection 4 of this act; provided, however, that no investment\n\npayments shall be subject to recovery or recapture based upon a\n\nfailure to invest capital equal to the amount estimated by the\n\nqualified establishment as stated in a quality investment agreement.\n\nE. A qualified establishment that has qualified pursuant to\n\nSection 4 of this act may receive payments only in accordance with\n\nthe provisions under which it initially applied and was approved.\n\nF. An establishment that is receiving investment payments may\n\nnot apply for additional investment payments for any new capital\n\ncosts until expiration of its quality investment agreement.\n\nProvided, a qualified establishment may apply for additional\n\ninvestment payments pursuant to subsequent quality investment\n\nagreements based upon additional capital costs at a different\n\nmanufacturing site.\n\nG. As soon as practicable after verification of the eligibility\n\nof the manufacturer as required by this section, the Tax Commission\n\nshall issue a warrant to the establishment.","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":"d8ec37828f7d3d3629019e0aed6f4b9f0964f4e1e37dd73036c283825d6b9a96","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-4105","next":"us-ok/okla.-stat.-tit.-68-68-4107"},"notice":"GroundRules: Original legal text. Not legal advice."}