Title 68 — Title 68 — Revenue and Taxation

This act shall be known and may be cited as the "21st Century Quality Jobs Incentive Act". Added by Laws 2009, c. 285, § 1, eff. Nov. 1, 2009.

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- first century through a policy of rewarding businesses with a highly skilled, knowledge-based workforce; 2. The Ok…

As used in the 21st Century Quality Jobs Incentive Act: 1. "Basic industry" means: a. a basic industry as defined under the Oklahoma Quality Jobs Program Act in divisions (1) through (9) of subparagraph a of paragraph 1 of subsection A of Section 3603 of Title 68 of the Oklahoma …

A. Except for the payment amount required by subsection E of this section, an establishment which meets the qualifications specified in the 21st Century Quality Jobs Incentive Act may receive quarterly incentive payments for a ten-year period from the Oklahoma Tax Commission purs…

A. 1. Beginning with the first complete calendar quarter after the application of the establishment is approved by the Oklahoma Department of Commerce, the establishment shall begin filing quarterly reports with the Oklahoma Tax Commission that specify the actual number and indiv…

There is hereby created within the State Treasury a special fund for the Oklahoma Tax Commission to be designated the "21st Century Quality Jobs Incentive Payment Fund". The Tax Commission is hereby authorized and directed to withhold a portion of the taxes levied and collected p…

The Oklahoma Department of Commerce and the Oklahoma Tax Commission shall promulgate rules necessary to implement their respective duties and responsibilities under the provisions of the 21st Century Quality Jobs Incentive Act. Added by Laws 2009, c. 285, § 7, eff. Nov. 1, 2009.

Any person making an application, claim for payment or any report, return, statement, invoice, or other instrument or providing any other information pursuant to the provisions of this act who willfully makes a false or fraudulent application, claim, report, return, statement, in…

under other laws. Notwithstanding any other provision of law, if a qualified establishment receives an incentive payment pursuant to the provisions of the 21st Century Quality Jobs Incentive Act, neither the qualified establishment nor its contractors or subcontractors shall be e…

The Oklahoma Department of Commerce shall prepare a report which shall include, but not be limited to, documentation of the new direct jobs created under this act and a fiscal analysis of the costs and benefits of the act to the state. The report shall be submitted to the Preside…

This act shall be known and may be cited as the "Oklahoma Rural Jobs Act". Added by Laws 2022, c. 354, § 1, eff. Nov. 1, 2022.

As used in this act: 1. "Affiliate" means an entity that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under the common control with another entity. An entity is controlled by another entity if the controlling entity holds, direc…

investment. A. A rural fund that seeks to have an equity investment certified as a capital investment eligible for credits authorized under the provisions of this act shall apply to the Department. The Department shall begin accepting applications within ninety (90) days of the e…

state tax credits – Investment requirements. A. The Department shall certify capital investment authority under the provisions of this act in amounts that would not authorize more than Fifteen Million Dollars ($15,000,000.00) in state tax credits to be claimed against state tax l…

Carry forward - Recapture. A. Upon making a capital investment in a rural fund, a rural investor shall have a right to a credit against such entity's state tax liability that may be utilized on each credit allowance date of such capital investment in an amount equal to the applic…

investment. No eligible business that receives a qualified investment under the provisions of this act, or any affiliates of such eligible business, shall directly or indirectly: 1. Own or have the right to acquire an ownership interest in a rural fund or member or affiliate of a…

exit the program. A. Rural funds shall submit a report to the Department within the first fifteen (15) business days after the second and third anniversary of the initial credit allowance date. The report following the second anniversary shall provide documentation as to the inve…

The Department shall accept no new applications for tax credits authorized under this act after December 1, 2032. Added by Laws 2022, c. 354, § 8, eff. Nov. 1, 2022.

— Applications. A. An establishment which meets the qualifications specified in the Oklahoma Five Major Sports Leagues Rebate Program Act may receive quarterly rebate payments from the Oklahoma Tax Commission pursuant to the provisions of the Oklahoma Quality Jobs Program Act; pr…

A. As soon as practicable after the end of the first complete calendar quarter following the start date, the establishment or entity shall file a claim for the payment with the Oklahoma Tax Commission and shall specify the actual number and gross payroll of sports-league jobs for…

There is hereby created within the State Treasury a special fund for the Oklahoma Tax Commission to be designated the “Oklahoma Five Major Sports Leagues Rebate Payment Fund”. The Tax Commission is hereby authorized and directed to withhold a portion of the taxes levied and colle…

2021. This act shall be known and may be cited as the "Tobacco Products Tax Enforcement Act of 2021". Added by Laws 2021, c. 385, § 1, eff. July 1, 2021.

A. For the purpose of enforcing the tobacco tax laws of this state, the Oklahoma Tax Commission is authorized, contingent upon the availability of funds, to establish and maintain a unit to be known as the "Tobacco Products Tax Enforcement Unit". The unit shall enforce the tobacc…

A. The excise tax imposed pursuant to the provisions of Section 400 et seq. of Title 68 of the Oklahoma Statutes upon the sale, distribution, use, exchange, barter or possession of tobacco products within the state shall be due and payable on the first day of each month by the wh…

A. In the event the tax imposed by Section 400 et seq. of Title 68 of the Oklahoma Statutes is not otherwise paid by the wholesaler as provided in Section 3 of this act, the tax shall be collected as a backup tax upon the first receipt of tobacco products by any retailer or end u…

affidavit. In the event the tax imposed by this act is not paid by the wholesaler as provided in Section 3 of this act and must be collected as a backup tax from the retailer or consumer in accordance with Section 4 of this act, the tax is due and payable by the retailer or consu…

A. Retailers shall only purchase tobacco products from an Oklahoma-licensed tobacco wholesaler evidenced by a current listing provided by the Oklahoma Tax Commission. All purchase invoices shall contain the license number of the wholesaler and shall be made available for inspecti…

A. There is hereby created in the State Treasury a revolving fund for the Oklahoma Tax Commission, to be designated the "Tobacco Products Tax Enforcement Unit Revolving Fund". The fund shall be a continuing fund, not subject to fiscal limitations, and shall consist of any monies …

(State Question No. 713, Legislative Referendum No. 336, adopted at election held Nov. 2, 2004).

Home-Based Support Quality Assurance Assessment. A. As used in this section: 1. “Contracted community-based service provider” means any entity contracted by the Department of Human Services, the Oklahoma Health Care Authority, or any private person providing the support, or promo…

For the purpose of this article: 1. The word "person" shall mean any individual, company, limited liability company, corporation, partnership, association, joint adventure, estate, trust or any other group, or combination acting as a unit, and the plural as well as the singular, …

There shall be levied, assessed, collected and paid in respect to the articles containing tobacco enumerated in Section 401 et seq. of this title, a tax in the following amounts: 1. Little Cigars. Upon cigars of all descriptions made of tobacco, or any substitute therefor, and we…

A. The excise taxes levied by this article shall be paid by the wholesaler liable for payment of the tax. Provided, that the Tax Commission may, in its discretion, where it is practical and reasonable for the enforcement of the collection of taxes provided hereunder, promulgate s…

excise taxes and payment of excise taxes. A. The Oklahoma Tax Commission is hereby authorized and empowered, if in its discretion it deems practical and reasonable, to establish procedures for payment of excise taxes levied in Section 400 et seq. of this title, for the collection…

A. It shall be unlawful for any person to sell, offer for sale or import into this state any package or container of tobacco products: 1. Which bears any label or notice prescribed by the United States Department of Treasury to identify tobacco products intended for export and ex…

Disposition of revenue. The sale, barter or exchange of tobacco products or possession of tobacco products for consumption, is hereby declared to be subject to taxation authorized by Section 12 of Article X of the Oklahoma Constitution, and it is the purpose and intention of this…

68 O.S. § 405 Repealed by Laws 1994, c. 278, § 38, eff. Sept. 1, 1994

68 O.S. § 406 Repealed by Laws 2021, c. 385, § 25, eff. July 1, 2021

hindering inspection. It shall be provided by regulations of the Tax Commission the methods of breaking packages, forms and kinds of containers that shall be employed by persons subject to the tax levied by this article which will make possible the enforcement of payment by inspe…

68 O.S. § 408 Repealed by Laws 2021, c. 385, § 25, eff. July 1, 2021

68 O.S. § 409 Repealed by Laws 2021, c. 385, § 25, eff. July 1, 2021

The Tax Commission shall administer and enforce all provisions of this article. It shall have the power to enter upon the premises of any taxpayer and to examine, or cause to be examined by an agent or representative designated by it for such purpose, any books, invoices, papers,…

This act shall be known and may be cited as the “Oklahoma Specialized Quality Investment Act”. Added by Laws 2004, c. 391, § 1, eff. July 1, 2004. Amended by Laws 2006, c. 1, § 12, eff. July 1, 2007, following passage of State Question No. 725 (SB 755, Laws 2005, c. 239) on Nov. …

manufacturing and jobs. It is the intent of the Legislature that: 1. The State of Oklahoma provide appropriate incentives to support retention of a qualified manufacturing establishment: a. that is imminently at risk of ceasing operations in this state, b. that provides long-term…

For purposes of the Oklahoma Specialized Quality Investment Act: 1. “Capital costs” means costs for land, buildings, improvements to buildings, fixtures and for machinery, equipment and other personal property used in and for the manufacturing process incurred by a qualified esta…

Terms. A. A qualified establishment shall be eligible to enter into a quality investment agreement with the Oklahoma Department of Commerce for a period not to exceed five (5) years. B. Under such an agreement, the establishment shall agree to abide by the terms of the agreement …

There is hereby created within the State Treasury a special fund for the Oklahoma Tax Commission to be designated the “Specialized Quality Investment Payment Fund”. The Tax Commission is hereby authorized and directed to withhold a portion of the taxes levied and collected pursua…

Cessation of payments and recovery of payments when agreement terms not met – Additional payments. A. As soon as practicable after the end of a fiscal year for which a qualified establishment has qualified to receive an investment payment, the establishment shall file a claim for…

Notwithstanding any other provision of law, if a qualified establishment receives an investment payment pursuant to the provisions of this act, neither the qualified establishment nor its contractors or subcontractors shall be eligible to receive the credits or exemptions provide…

The Oklahoma Department of Commerce and the Oklahoma Tax Commission shall promulgate rules necessary to implement their respective duties and responsibilities under the provisions of this act. Added by Laws 2004, c. 391, § 8, eff. July 1, 2004.