{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-4203","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-4203","heading":"Definitions","body":"For purposes of the Oklahoma Quality Investment Act:\n\n1. “At-risk establishments” are those manufacturing\n\nestablishments, presently existing in Oklahoma which the Quality\n\nInvestment Committee, as described in paragraph 6 of this section,\n\nfinds would be lost within the state based on changes in global\n\neconomies, establishment structure, consolidation of establishments,\n\nand which are structurally noncompetitive but which could regain a\n\ncompetitive position with new investment if incentives are offered;\n\n2. “Capital costs” means costs for land, building, improvements\n\nto buildings, fixtures and for machinery and equipment as those\n\nterms are described in Section 2902 of Title 68 of the Oklahoma\n\nStatutes;\n\n3. “Economic impact” means economic impact as described in\n\nanalyses that identify the value in terms of sales tax and income\n\ntax revenues to the state and to the local community of the\n\nestablishment that the retention and expansion or modernization of\n\nthe manufacturing site provides. The Oklahoma Department of\n\nCommerce may contract for the performance of an economic impact\n\nanalysis to aid it in determining whether to recommend entering into\n\na Quality Investment Contract with a particular establishment;\n\n4. “Historical contributions trends” means historical\n\ncontributions of an establishment as described in analyses of direct\n\nand indirect historical contributions to the state and local\n\neconomies that an establishment has had on jobs and tax base growth,\n\nand on payroll and tax revenue inputs and growth. Analyses shall\n\ninclude consideration of positive trends attributable to suppliers\n\nof the establishment. The Oklahoma Department of Commerce may\n\ncontract for the performance of an historical contributions analysis\n\nto aid the Quality Investment Committee in determining whether to\n\nrecommend entering into a Quality Investment Contract with a\n\nparticular establishment;\n\n5. “Local community” means the town or city and the county of\n\nthe location of the establishment; provided, a city or town and a\n\ncounty may jointly constitute the “local community”;\n\n6. “Quality Investment Committee” means the independent\n\ncommittee referenced in paragraph 6 of Section 23 of Article X of\n\nthe Oklahoma Constitution that consists of the following members:\n\na. the Director of the Oklahoma Department of Commerce,\n\nb. the Dean of Engineering of Oklahoma State University,\n\nc. the Director of the Oklahoma Alliance for\n\nManufacturing Excellence,\n\nd. the Dean of the Price Business College of the\n\nUniversity of Oklahoma,\n\ne. the Executive Director for the Oklahoma Center for the\n\nAdvancement of Science and Technology,\n\nf. one small business representative from the Oklahoma\n\nScience and Technology Research and Development Board,\n\nand\n\ng. the State Director of Career Technology Education;\n\n7. “Tax revenues projections” means a projection of anticipated\n\ntax revenues based upon an analysis of historic taxes collected from\n\nthe establishment in the local community and in the state overall\n\nover the previous ten (10) years in order to determine:\n\na. the average of the growth percentages to determine the\n\nprojected growth in such revenues to the community and\n\nthe state over the following ten (10) years if no\n\nretooling occurs but retention is assumed to be a\n\nconstant and remains stagnant,\n\nb. the modernization or retooling project’s estimated\n\nimpact on tax revenues and growth rates over the\n\nfollowing ten (10) years, and\n\nc. the projections of loss in tax revenues should the\n\nplant location close and operations, in whole or in\n\npart, are removed from the state.\n\nThe Oklahoma Department of Commerce may contract with the\n\nOklahoma Tax Commission for performance of tax revenues projections\n\nanalyses to aid it in determining whether to enter into an agreement\n\nupon recommendation of the Quality Investment Committee;\n\n8. “Establishment” means a manufacturer that is a partnership,\nlocation close and operations, in whole or in\n\npart, are removed from the state.\n\nThe Oklahoma Department of Commerce may contract with the\n\nOklahoma Tax Commission for performance of tax revenues projections\n\nanalyses to aid it in determining whether to enter into an agreement\n\nupon recommendation of the Quality Investment Committee;\n\n8. “Establishment” means a manufacturer that is a partnership,\n\nlimited partnership, corporation, limited liability company, limited\n\nliability partnership, or sole proprietorship. The establishment\n\nmay enter into a Quality Investment Contract pertaining to only one\n\nmanufacturing site as that term is defined in Section 1352 of Title\n\n68 of the Oklahoma Statutes. No combination of other locations of\n\nthe establishment, or any related entities of the establishment is\n\ncontemplated. An establishment may have multiple contracts due to\n\nmultiple sites or multiple expansions due to retooling and\n\nmodernization at one site;\n\n9. “NAICS” Manual means any manual book or other publication\n\ncontaining the North American Industry Classification System, United\n\nStates, 1997, or as updated or amended from time to time,\n\npromulgated by the Office of Management and Budget of the United\n\nStates of America; and\n\n10. “Start date” means the date on which an establishment may\n\nbegin accruing benefits for investment of new capital costs in a\n\nmanufacturing site that is assigned in the agreement with the\n\nOklahoma Department of Commerce.","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":"ba886ae54dbd7af96be5b6ac8bc529aa1c3707ffeaccac1cb62c4a20590ececd","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-4202","next":"us-ok/okla.-stat.-tit.-68-68-4204"},"notice":"GroundRules: Original legal text. Not legal advice."}