Taxes and Incentives

Oklahoma Quick Action Closing Fund

(62 O.S. § 48.2)

The Oklahoma Quick Action Closing Fund is exclusively offered by the Governor of Oklahoma and was created for reducing the cost gaps for economic development and related infrastructure development when expenditure of funds is likely a determining factor in locating a high-impact business.

The business making an application must be engaged in a business activity that is eligible for Oklahoma Quality Jobs Program Act incentive payments (68 O.S. § 3603) or in a “basic industry” as set forth in the 21st Century Quality Jobs Incentive Act (68 O.S. § 3913).

The Oklahoma Department of Commerce is responsible for the administration of the Oklahoma Quick Action Closing Fund.

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