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§ 3935. Restrictions on businesses that receive qualified investment

Oklahoma Statutes AnnotatedTitle 68. Revenue and TaxationEffective: November 1, 2022

Oklahoma Statutes Annotated
Title 68. Revenue and Taxation (Refs & Annos)
Chapter 1. Tax Codes (Refs & Annos)
Article 39b. Oklahoma Rural Jobs Act
Effective: November 1, 2022
68 Okl.St.Ann. § 3935
§ 3935. Restrictions on businesses that receive qualified investment
Currentness
No eligible business that receives a qualified investment under the provisions of this act, or any affiliates of such eligible business, shall directly or indirectly:
1. Own or have the right to acquire an ownership interest in a rural fund or member or affiliate of a rural fund including, but not limited to, a holder of a capital investment issued by a rural fund; or
2. Loan to or invest in a rural fund or any member or affiliate of a rural fund including, but not limited to, a holder of capital investment issued by a rural fund, where the proceeds of such loan or investment are directly or indirectly used to fund or refinance the purchase of capital investments under this act.

Credits

Laws 2022, c. 354, § 6, eff. Nov. 1, 2022.
68 Okl. St. Ann. § 3935, OK ST T. 68 § 3935
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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