2019 Oklahoma Statutes
Title 40. Labor
§40-6-204. Technology reinvestment apportionment.
TECHNOLOGY REINVESTMENT APPORTIONMENT.
A. 1. For the period from January 1, 2018, to December 31, 2022, each employer subject to the provisions of Sections 3-109, 3-110.1 and 3-113 of Title 40 of the Oklahoma Statutes shall be required to pay an OESC Technology Reinvestment Apportionment equal to five percent (5%) of the unemployment taxes that would be owed to the Oklahoma Employment Security Commission before any rate reduction is made pursuant to Section 3-109.3 of this title. This apportionment shall be in addition to any contribution which that employer is required to make pursuant to the provisions of the Employment Security Act of 1980.
2. The apportionment provided for in this section shall not be considered part of any unemployment taxes required of an individual employer pursuant to the Employment Security Act of 1980, nor shall it be considered for purposes of determining the individual employer's tax rate.
B. Employers assigned a tax rate pursuant to Section 3-110.1 of Title 40 of the Oklahoma Statutes shall pay an OESC Technology Reinvestment Apportionment equal to the rate reduction granted them pursuant to Section 3-109.3 of this title.
C. Employers who qualify for an earned tax rate calculated pursuant to Section 3-109 of this title, and are given the highest tax rate in the rate table for the given year, shall be exempt from the provisions of this section.
D. Employers making payments in lieu of contributions pursuant to Sections 3-702, 3-705 and 3-806 of this title shall be exempt from the provisions of this section.
E. The apportionment shall be made and collected by the Oklahoma Employment Security Commission for deposit, on a monthly basis, to the credit of the OESC Technology Fund. Provided, all monies received by the Oklahoma Employment Security Commission for the account of the OESC Technology Fund, upon receipt, shall be deposited in a clearance account.
F. The Oklahoma Employment Security Commission shall promulgate such rules as may be necessary to implement the provisions of Sections 3-109.3 and 6-201 to 6-205 of this title.
G. The Oklahoma Employment Security Commission shall create an annual report detailing the collection of the apportionment funds and the expenditures from the OESC Technology Fund. The report shall be filed on or before March 31 of each year following the effective date of this act, and shall continue until all money in the OESC Technology Fund is expended or transferred pursuant to subsection C of Section 6-202 of this title. The report shall be filed with the Governor, the President Pro Tempore of the Senate, the Speaker of the House of Representatives, the State Treasurer, the State Auditor and Inspector, and the Director of the Office of Management and Enterprise Services.
Added by Laws 2017, c. 345, § 12, eff. July 1, 2017. Amended by Laws 2019, c. 251, § 13, eff. July 1, 2019.
