Revenue and taxation; Small Employer Quality Jobs Act; definitions; eligibility criteria; effective date.

Summary

The bill amends Oklahoma’s Small Employer Quality Jobs Incentive Act, defining new terms and setting eligibility rules for businesses with 500 or fewer full‑time employees. Qualified firms can receive quarterly payments for up to seven years, calculated as a percentage of payroll for the new jobs they create. The goal is to encourage job growth and capital investment in basic industries across the state.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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