Oklahoma § 68-3645.5 - Payment calculation
Full text of Oklahoma Oklahoma Statutes § 68-3645.5 — Payment calculation, with citation guidance and answers to common questions.
§ 68-3645.5. Payment calculation
A. Subject to the approval and ongoing review of the
eligibility application by the Oklahoma Department of Commerce, the
investment rebate payment authorized by this act shall be equal to
three and four-tenths percent (3.4%) of the cost of the qualified
capital expenditure in the year of expenditure; investment rebate
payments in the same amount shall be allowed in each of the four (4)
subsequent years, provided the Department has verified that the
establishment remains eligible for such payment in each successive
year based on the eligibility criteria of this act.
B. For the purpose of calculating the investment rebate payment
authorized in subsection A of this section, the "cost of the
qualified capital expenditure" shall include the cost of such
capital expenditure by the primary establishment and also the cost
of such capital expenditure by subsidiaries of the primary
establishment, provided such subsidiary is defined or classified in
the NAICS Manual under Industry Group No. 5132, 5222, or 5413.
C. The Oklahoma Department of Commerce is authorized to
conditionally pre-qualify and account for anticipated future
investment rebate payments. The Oklahoma Department of Commerce
shall not pre-qualify investment rebate payments, encumber funds,
pre-encumber funds, or otherwise allocate resources in any way that
would result in the allocation of investment rebate payments in
excess of the balance of available funds in the Large-scale Economic
Activity and Development Fund.
Added by Laws 2022, c. 66, § 5.
Frequently Asked Questions About Oklahoma § 68-3645.5
What does Oklahoma Statutes § 68-3645.5 cover?
Section 68-3645.5 ("Payment calculation") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 68-3645.5?
A common citation format is "Oklahoma Statutes § 68-3645.5" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 68-3645.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.