HB 2768
Revenue and taxation; Oklahoma Quality Jobs Incentive Leverage Act; increasing certain limitation caps related to qualifying investment amounts.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill amends the Oklahoma Quality Jobs Incentive Leverage Act to increase the investment amounts that qualify businesses for incentive payments. Specifically, it raises the minimum total investment required for an establishment to be eligible for a second irrevocable election and increases the maximum amount of additional investment allowed within a five-year period. The bill also modifies the timeline for filing a second election and impacts eligibility for certain tax credits and exemptions.
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