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OK HB2293
Bill
Status
2/6/2012
Primary Sponsor
David Derby
Click for details
AI Summary
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Requires taxpayers who receive job creation incentive payments or tax liability reductions to repay those amounts if they relocate the incentive-related jobs outside Oklahoma within 10 years.
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Impayment must occur within 60 days of job relocation.
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Permanently bars taxpayers who relocate incentive-related jobs from receiving any future state incentive payments or tax liability reductions.
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Makes incentive acceptance a binding and enforceable agreement; requires Oklahoma Tax Commission to establish repayment rules including audit and appeal procedures.
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Effective November 1, 2012.
Legislative Description
Revenue and taxation; requiring repayment of certain incentives; requiring ineligibility for certain incentives; effective date.
Revenue and Taxation
Last Action
Second Reading referred to Appropriations and Budget
2/7/2012