Okla. Admin. Code § 150:65-11-2

Current through Vol. 42, No. 7, December 16, 2024
Section 150:65-11-2 - Definitions

For purposes of this chapter, the following words and terms shall have the following meaning unless the context clearly indicates otherwise.

"21stCentury Contract" means the contract between the applicant and the Oklahoma Department of Commerce that establishes the incentive benefit amount under the 21st Century Quality Jobs Incentive Act.

"21stCentury Contract Incentive" means the amount of the incentive calculated by the Oklahoma Department of Commerce and included in the 21st Century Contract between the applicant and the Oklahoma Department of Commerce.

"Commission" means the Oklahoma Tax Commission established pursuant to 68 O.S. Section 102 and any successor agencies thereto.

"Department" means the Oklahoma Department of Commerce established pursuant to 74 O.S. §§ 5001 et seq. and any successor agencies thereto.

"Director" means the duly appointed and acting Director of the Department or during any period of time that the position of Director is vacant; such term shall refer to the person serving as the acting or interim director.

Okla. Admin. Code § 150:65-11-2

Added at 27 Ok Reg 283, eff 11-2-09 (emergency); Added at 27 Ok Reg 1121, eff 6-1-10