Oklahoma Administrative Code
Title 150 - Oklahoma Department of Commerce
Chapter 105 - Oklahoma Local Development and Enterprise Zone Incentive Leverage Act
Section 150:105-1-5 - Annual reporting
Universal Citation: OK Admin Code 150:105-1-5
Current through Vol. 41, No. 13, March 15, 2024
(a) Before February 1 st of each year, entities who have been approved for participation in the program will certify and submit a report to the Department containing information about each of the following:
(1)
The amount of local government investment spent in the district to
date.
(2) The amount of future
local government investment in the district with a projected timeline of the
future investment.
(3) The
estimated amount of private company investment in the district.
(4) The anticipated amount of future private
company investment in the district with a projected timeline of the future
investment.
(5) For ad valorem TIF
projects:
(A) The aggregate assessed value of
properties in the district for the base year;
(B) The aggregate assessed value of
properties in the district for each year subsequent to the base year;
(C) The aggregate assessed value of
properties in the project area for the base year;
(D) The aggregate assessed value of
properties in the project area for each year subsequent to the base
year.
(6) For sales tax
TIF projects:
(A) The base level of aggregate
sales tax attributable to businesses in the district; and
(B) The base level of aggregate sales tax
attributable to businesses in the project area.
(b) Attached to the certified report, the entity will include all of the following supporting documentation:
(1) A map with a defined boundary of the
district;
(2) A map of the project
area; and
(3) A list of properties
and operating companies in the district with the FEI/EIN of the operating
companies.
(c) The entity will continue submitting these annual reports to the Department until they have submitted a final report after the project has been completed.
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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