{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-4205","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-4205","heading":"Application for incentive payment – Cessation of payment","body":"– New application – Verification and payment.\n\nA. As soon as practicable after the end of a calendar year for\n\nwhich an establishment has qualified to receive an incentive\n\npayment, the establishment shall file a claim for the payment with\n\nthe Oklahoma Tax Commission for one-tenth (1/10) or less of the\n\ntotal amount of investment identified and specified in its Quality\n\nInvestment Contract. Provided, in the event the establishment\n\napplies for an incentive payment before all investment for retooling\n\nor modernization has occurred, the payment shall be reduced by the\n\npercentage of investment costs predicted but not incurred at the\n\ntime of the claim as those costs bear to the whole investment. In\n\nno event shall the first claim for investment payment be filed later\n\nthan two (2) years from the start date designated by the Quality\n\nInvestment Committee. The Tax Commission shall verify for each\n\ncalendar year the actual amount of capital investment in Oklahoma\n\nand the amounts of local communities’ sales tax rebates for the\n\nestablishment. If the Tax Commission is not able to provide such\n\nverification utilizing all available resources, the Tax Commission\n\nmay request such additional information from the establishment as\n\nmay be necessary or may reject the establishment’s claim.\n\nB. If the capital costs for investment in retooling or\n\ninvestment does not meet or exceed One Million Dollars\n\n($1,000,000.00) within twenty-four (24) months of the start date of\n\nthe establishment as set out in its agreement with the Quality\n\nInvestment Committee, incentive payments shall cease and shall not\n\nbe resumed.\n\nC. An establishment that has qualified pursuant to Section 4 of\n\nthis act may receive payments only in accordance with the provisions\n\nunder which it initially applied and was approved.\n\nD. An establishment that is receiving incentive payments may\n\nnot apply for additional incentive payments for any new capital\n\nimprovement projects until twelve (12) quarters after receipt of the\n\nfirst incentive payment, or until the establishment’s actual\n\nverified capital costs of retooling and modernization equals or\n\nexceeds One Million Dollars ($1,000,000.00), whichever comes first.\n\nAfter meeting the requirements of this subsection, an establishment\n\nmay apply for additional incentive payments based upon additional\n\nretooling and modernization capital costs and investment.\n\nE. 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":"8fb1e92278468d45925837c13703d3bf8027c4dbe4e258c8b78ebb9356865dd2","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-4204","next":"us-ok/okla.-stat.-tit.-68-68-4206"},"notice":"GroundRules: Original legal text. Not legal advice."}