OK HB4191

Amends the Small Employer Quality Jobs Incentive Act to add "qualifying capital investment" as a new defined term, meaning new construction, renovation of real property, or purchase of new manufacturing machinery (excluding purchase of existing real property)

Changes population thresholds for job creation requirements: municipalities under 50,000 population must create 5 jobs or 5% of workforce; municipalities of 50,000+ must create 10 jobs or 10% of workforce (previously had three tiers at 3,500, 7,000, and 7,000+)

Modifies proximity test from "largest municipality within 20 miles" to "closest municipality within 20 miles" for determining which job creation threshold applies to establishments in unincorporated areas

Adds new qualification pathway requiring either $500,000+ in qualifying capital investment within 24 months OR 35% out-of-state sales, replacing previous tiered sales requirements of 35% for first two years then 60%

Requires Oklahoma Department of Commerce to verify capital investment or sales threshold achievement before any incentive payments begin for contracts executed after November 1, 2026; contracts are automatically cancelled if approval does not occur within 36 months of application