Oklahoma SB221 expands the annual credit limitation for certain applications under the Oklahoma Rural Jobs Act.
Oklahoma SB221 amends Section 4, Chapter 354, O.S.L. 2022 to expand the annual credit limitation for certain applications under the Oklahoma Rural Jobs Act. The bill increases the state tax credit limit from Fifteen Million Dollars ($15,000,000.00) to Thirty Million Dollars ($30,000,000.00) for applications submitted after the effective date. The Department of Commerce must certify capital investment authority within fifteen business days of a request.
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