Oklahoma § 68-3912 - Legislative intent

§ 68-3912. Legislative intent

It is the intent of the Legislature that:

1. The State of Oklahoma provide appropriate incentives to

attract growth industries and sectors to Oklahoma in the twenty-

Oklahoma Statutes - Title 68. Revenue and Taxation

first century through a policy of rewarding businesses with a highly

skilled, knowledge-based workforce;

2. The Oklahoma Department of Commerce and the Oklahoma Tax

Commission implement the provisions of this act and exercise all

powers as authorized in this act. The exercise of powers conferred

by this act shall be deemed and held to be the performance of

essential public purposes; and

3. Nothing herein shall be construed to constitute a guarantee

or assumption by the State of Oklahoma of any debt of any

individual, company, corporation or association nor to authorize the

credit of the State of Oklahoma to be given, pledged or loaned to

any individual, company, corporation or association.

Added by Laws 2009, c. 285, § 2, eff. Nov. 1, 2009.