Oklahoma's Capital Formation Incentive Act

Like the 1,000s of other pages of evidence uncovered and descriptions of crimes on this site, this web page is only one part of a massive multi-state entanglement of government corruption and cover-up. See size

State Statutes Revenue and Taxation 68 O.S.
Section 2357.60 through 2357.65
and
Sections 1 2357.71 through 6 2357.76

Added 2006

Senate Bill 1577 was enacted as an amendment to the State Tax code, declaring

A. Sections 1 2357.71 through 6 2357.76, including Sections 20, 21, 22, 23, 24 and 25, as the "Rural Venture Capital Formation Incentive Act."

SECTION . AMENDATORY 68 O.S. 2001, Section 2357.74, as last amended by Section 6, Chapter 299, O.S.L. 2005

68 O.S. Supp. 2005, Section 2357.74), is amended to read as follows: Section 2357.74 B

a. two hundred percent (200%) of any qualified investment by the taxpayer in the qualified rural small business Capital company, or
b. two hundred percent (200%) of the qualified investment made by the qualified rural small business Capital company in the Oklahoma rural small business venture.

B. Section 2357.60 through 2357.65 of this title, Sections 10, 11, 12, 13 and 14 as the "Small Business Capital Formation Incentive Act."

SECTION 9. AMENDATORY 68 O.S. 2001, Section 2357.63, as last amended by Section 4, Chapter 299, O.S.L. 2005 (68 O.S. Supp. 2005, Section 2357.63), is amended to read as follows:

4. Limited to the lesser of:

a. two hundred percent (200%) of any qualified investment by the taxpayer in the qualified small business Capital company, or
b. two hundred percent (200%) of the qualified investment made by the qualified small business Capital company in the Oklahoma small business venture.