OK SB1006

Amends the Oklahoma Quality Jobs Program Act to add a deadline of January 1, 2017 for establishments to qualify for both quarterly incentive payments and certain tax credits under Section 2357.4

Establishments receiving Quality Jobs incentive payments are generally prohibited from also receiving 13 specified tax credits and exemptions for the same qualifying activity

Creates an exception allowing establishments with ten-year incentive payment agreements (project start dates between January 1, 2010 and January 1, 2017) to also claim investment tax credits if they meet wage requirements and demonstrate a positive net benefit rate

Requires the Oklahoma Department of Commerce to analyze direct and indirect state benefits and costs to determine if a business will produce a positive net benefit rate before approving dual benefits

Effective date: January 1, 2017