Revenue and taxation; Small Employer Quality Jobs Act; definitions; eligibility criteria; effective date.
Becomes law without Governor's signature 05/13/2026
Summary
The bill amends Oklahoma law to let eligible small businesses receive quarterly payments for up to seven years when they add new full‑time jobs, meet wage and benefit standards, and invest at least $500,000 in new facilities or equipment. Payments are calculated as a percentage (up to 5%) of the payroll for those new jobs and are limited to the state’s estimated net benefit. The program is intended to spur job growth and capital investment in basic industries across the state.
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