OK SB2128

Amends Oklahoma Quality Jobs Program Act (68 O.S. 2001, Section 3603 and Section 3604.1) to modify definitions and procedures for incentive payments to qualified federal contractors and subcontractors.

Establishes new category of "qualified federal contractor" defined as a business entity maintaining a prime federal contract, providing notice of intent to apply within 180 days of contract award, and performing at least 8% of total labor on direct contracts or task orders.

Sets net benefit rate for qualified federal contractors between 0.25% and 2%, scaled based on annual subcontracting goals that account for qualified subcontract labor hours and their ratio to total qualified labor hours.

Requires qualified federal contractors and subcontractors to pay average annualized wages equal to 110% or 100% of county average wage (maximum $29,409 annually) and subcontractors minimum $31 per hour, with suspended and resumed payments if wage or labor hour thresholds are not met.

Prohibits incentive payments if contractor or subcontractor is already receiving or approved for incentive payments under Oklahoma Quality Jobs Program Act, Saving Quality Jobs Act, 21st Century Quality Jobs Incentive Act, or Former Military Facility Development Act for same services; effective July 1, 2010 with emergency declaration.