Okla. Admin. Code § 710:85-5-8

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

Section 710:85-5-8 - Procedure for filing report, review, determination

(a)Contents of report. As soon as practicable after the end of a calendar quarter, the qualified establishment shall file a report for gross payroll paid the previous quarter. The report on forms prescribed by the Commission, shall include:

(1) Name of qualified establishment;

(2) Identification number of qualified establishment;

(3) Period for which report is filed;

(4) Actual number of new direct jobs during period of report;

(5) Gross payroll for each new direct job for the establishment for the report period; and

(6) Other information required to be submitted by the Commission.

(b)Reports to constitute a claim. The reports filed pursuant to this Section shall constitute a claim for incentive payments. The establishment must continue to file quarterly reports until reports covering the seven year incentive period have been filed, or until it is no longer qualified to receive incentive payments.

(c)Commission action upon receipt of reports. Upon receipt of the reports for the initial calendar quarter and for each subsequent calendar quarter, the Commission shall make the following determinations:

(1) That the establishment has created or maintained the minimum number of new direct jobs as specified in 68 O.S. § 3904(C)(3);

(2) That the individuals employed in the new direct jobs were paid an annualized wage which equaled or exceeded the applicable percentage of the average county wage as determined by the Department upon the approval of the application; and

(3) That a determination by the Department has been made that the establishment continues to meet the requirements set out in the initial approval.

Okla. Admin. Code § 710:85-5-8

Added at 15 Ok Reg 2421, eff 6-11-98; Amended at 22 Ok Reg 2249, eff 6-25-05; Amended at 28 Ok Reg 969, eff 6-1-11