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Colorado land scamSECTION 27. AMENDATORY 68 O.S. 2001, Section 2357.76, is amended to read as follows:
Section
2357.76 On or before November 1 of each year subsequent to the effective date
of the Rural Venture Capital Formation Incentive Act, the Oklahoma Tax
Commission shall file a report with the Speaker of the House of Representatives
and the President Pro Tempore of the Senate. The report shall state the amount
of credits actually claimed and allowed pursuant to the provisions of this act and
the amount of credits likely to be claimed and allowed pursuant to the Rural
Venture Capital Formation Incentive Act for the following year during
the previous calendar year, statistical information on the qualified
investments made by qualified rural small business capital companies during the
previous year, an estimate of the number of jobs created in this state during
the previous year and such other information as the Tax Commission may deem
relevant to the effective administration of the Rural Venture Capital Formation
Incentive Act.