RATE REDUCTION FOR TECHNOLOGY REINVESTMENT APPORTIONMENT.
Notwithstanding the provisions of Sections 3-109, 3-110.1 and 3-113 of Title 40 of the Oklahoma Statutes, for the time period beginning January 1, 2018, and ending December 31, 2022, the tax rate computed for or assigned to an employer shall be reduced by five percent (5%). Provided, the tax rate of employers assigned a tax rate pursuant to Section 3-110.1 of Title 40 of the Oklahoma Statutes shall not be reduced to less than one percent (1%). Provided further, employers who qualify for an earned tax rate calculated pursuant to Section 3-109 of Title 40 of the Oklahoma Statutes, and are given the highest tax rate in the rate table for the given year, shall not be eligible for the rate reduction provided for in this section.
Added by Laws 2017, c. 345, § 8, eff. July 1, 2017.