Oklahoma SB1530 amends the Oklahoma Research and Development Rebate Fund to increase rebate amounts under certain conditions.
Oklahoma SB1530 modifies the Oklahoma Research and Development Rebate Fund to allow for increased rebate amounts if specific conditions are met. Eligible establishments must submit applications and documentation to the Oklahoma Department of Commerce, which will verify the information before awarding the rebate. The fund has a fiscal year limitation of Twenty Million Dollars ($20,000,000.00). The bill also updates statutory references and declares an emergency, making the act effective immediately upon passage and approval.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.