Oklahoma's Capital Formation Incentive Act

Like the 3,200 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

Evidence was uncovered in parts over years, and not in the same order as the crimes occurred or the evidence was created. Statements were made based on what was known at the time.

Dates are approximate because government filings and reports vary in some cases up to months if not This is part of cover up. One example is Oklahoma's Openbooks, which started out late with only a fraction of what was required to be added each year. Plus, the data was littered with data entry and spelling errors, meaning you have to go through one entry at a time. This amount to more than 17,000 entries in 2017.

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.