SB613 Summary

• Amends the Oklahoma Quality Jobs Program Act and 21st Century Quality Jobs Incentive Act to update references from SIC codes to NAICS codes for defining eligible industries

• Requires establishments that fail to achieve required gross payroll within three years to wait 12 months before submitting new or renewal applications for incentive payments

• Modifies wage requirements for the 21st Century Quality Jobs Incentive Act, capping the maximum wage threshold at $94,000 and excluding healthcare premiums from wage calculations

• Adds new industries to the definition of "basic industry," including wired telecommunications carriers, securities/investment activities, and certain pipeline transportation activities

• Requires establishments receiving incentive payments under a change-in-control event to repay all received incentives if they cease business operations within three years of their first payment claim