Okla. Admin. Code § 150:65-1-9

Current through Vol. 42, No. 7, December 16, 2024

Section 150:65-1-9 - Required information

(a) The Department may require establishments to provide any of the following information in order to determine eligibility under the provisions of the Oklahoma Quality Jobs Program Act, 68 O.S. Supp. 1993, Section 3601, et seq:

(1) NAICS code number;

(2) Business plans;

(3) Feasibility studies;

(4) Financing proposals;

(5) OESC Form 3 or its electronic equivalent;

(6) OTC Income Tax Withholding form;

(7) Financial statements or sales contracts;

(8) Marketing plans;

(9) Registration with the Oklahoma Secretary of State;

(10) Registration with OESC;

(11) Registration with the Commission; and

(12) Application for a Manufacturing Sales Tax Exemption, if applicable.

(b) Additional information that the Department may consider in evaluating eligibility may include, but shall not be limited to:

(1) Industry trends;

(2) Service Contracts in place or anticipated of establishments and of both the subunit establishment and the entity of which it is a part, if applicable. In considering this factor, the Department may require information such as length of contracts, likelihood of extension, track record or historical data regarding receipt of contracts and retention of them if subject to renewal;

(3) Historical data on management in place;

(4) Organization structure of the establishment and any related business or governmental entities and the nature of the relationships; particularly, the Department may inquire whether any establishment files a joint tax return with any of its related entities;

(5) Likelihood of job shifting or utilization of employees of the entity of which the subunit is a part or within a combination or amongst other related entities of an establishment and the percentage of employees affected;

(6) Expansion of existing markets;

(7) Extension of existing product line;

(8) labor market; and

(9) other relevant information.

(c) All materials described in (a) and (b) of this section may be kept confidential by the Department pursuant to the terms of its exemptions contain in the Oklahoma Open Records Act.

(d) The Department may require establishments approved to receive incentive payments to provide any information necessary in order to administer the program and prepare program reports.

Okla. Admin. Code § 150:65-1-9

Added at 10 Ok Reg 4723, eff 9-17-93 (emergency); Added at 11 Ok Reg 3671, eff 7-15-94; Amended at 12 Ok Reg 19, eff 9-29-94 (emergency); Amended at 12 Ok Reg 1339, eff 5-25-95; Amended at 22 Ok Reg 1727, eff 6-25-05

Amended by Oklahoma Register, Volume 31, Issue 24, September 2, 2014, eff. 9/12/2014