A. The Oklahoma Tax Commission shall promulgate rules establishing procedures under which: 1. A qualified rural small business capital company may, prior to making an investment in an Oklahoma rural small business venture, request a determination letter from the Tax Commission that a business in which it proposes to invest is an 'Oklahoma rural small business venture';2. A person or entity may request a determination letter that a company meets the definition of a 'qualified rural small business capital company'; and3. A person or entity may request a determination letter that a transfer of funds meets the definition of a 'qualified investment'.Added by Laws 2006, c. 281, § 24, emerg. eff. June 7, 2006.
Oklahoma Legal Code