HB 4191 — Revenue and taxation; Small Employer Quality Jobs Act; definitions; eligibility criteria; effective date.

B.

NO.

4191 Page 5 based on the most recent U.S.

Department of Commerce data, or if the establishment is located in an unincorporated area and the largest closest municipality within twenty (20) miles of the establishment is such a municipality, new direct jobs equal to the greater of fifteen (15) ten (10) jobs or tenENR. percent (10%) of the company's full-time employment at the date of application.

Provided, for an establishment engaged in software publishing as defined or classified in the NAICS Manual under Industry Group No.

5112, data processing, hosting and related services as defined or classified in the NAICS Manual under Industry Group No.

5182, computer systems design and related services as defined or ENGR.

4191 Page 64 classifiedten inpercent (10%) of the NAICScompany's Manualfull-time underemployment Industryat Groupthe No.date of application.

Provided, for an establishment engaged in software publishing as defined or classified in the NAICS Manual under Industry Group No.

5112, data processing, hosting and related services as defined or classified in the NAICS Manual under Industry Group No.

5182, computer systems design and related services as defined or classified in the NAICS Manual under Industry Group No.

ENGR.a.

H.

B.

NO.

4191 Page 7 a.

561440 shall be required to have seventy-five percentENR. (75%) of loans to be serviced made by out-of- state debtors;

H.

B.

NO.

4191 Page 5 percent (75%) of loans to be serviced made by out-of- state debtors;

For purposes of this subparagraph, health care premiums paid by the applicant for individuals in new direct jobs shall be included in the annualized wage, or ENGR.b.

H.

B.

NO.

4191 Page 8 b.

Has a basic health benefit plan which, as determined by the Department, meets the elements established under divisions (1) ENGR.ENR.

4191 Page 96 through (7) of subparagraph b of paragraph 1 of subsection A of Section 3603 of this title and which will be offered to individuals within twelve (12) months of employment in a new direct job;

Once the ENGR.establishment is approved, an agreement shall be deemed to exist between the establishment and the State of Oklahoma, requiring incentive payments to be made for a seven-year period as long as the establishment retains its eligibility and within the limitations of the Small Employer Quality Jobs Incentive Act which existed at the time of such approval.

H.

B.

NO.

4191 Page 10 establishment is approved, an agreement shall be deemed to exist between the establishment and the State of Oklahoma, requiring incentive payments to be made for a seven-year period as long as the establishment retains its eligibility and within the limitations of the Small Employer Quality Jobs Incentive Act which existed at the time of such approval.

Before any incentive payment is made for any contract executed by an establishment on or after November 1, 2026, the OklahomaENR. Department of Commerce shall determine if the qualifying capital investment has occurred or the out-of-state sales threshold has been achieved.

H.

B.

NO.

4191 Page 7 Oklahoma Department of Commerce shall determine if the qualifying capital investment has occurred or the out-of-state sales threshold has been achieved.

SECTIONENR. 3.

This act shall become effective November 1, 2026.

ENGR.

4191 Page 118 Passed the House of Representatives the 11th6th day of March,May, 2026.

3 Presiding Officer of the House of Representatives 6 Passed the Senate the _____5th day of __________,May, 2026.

8 Presiding Officer of the Senate ENGR.OFFICE OF THE GOVERNOR Received by the Office of the Governor this ____________________ day of ___________________, 20_______, at _______ o'clock _______ M.

By:

_________________________________ Approved by the Governor of the State of Oklahoma this _________ day of ___________________, 20_______, at _______ o'clock _______ M.

_________________________________ Governor of the State of Oklahoma OFFICE OF THE SECRETARY OF STATE Received by the Office of the Secretary of State this __________ day of ___________________, 20_______, at _______ o'clock _______ M.

By:

_________________________________ ENR.

4191 Page 129