Premium tax credit - Applicable insurers

A. Except as provided by subsection B of this section, the tax credits set forth in Section 625.1 of this title shall apply to insurers who take action after November 1, 1987, to: 1. Establish new regional home offices; or 2. Expand existing regional home offices, and hire new employees. B. The tax credits set forth in Section 625.1 of this title shall not be available to a contracted entity as defined in Section 4002.2 of Title 56 of the Oklahoma Statutes. C. An insurer in either category of the requirements of subsection A of this section must also meet the hiring minimum requirements for the applicable tax credit bracket in Section 625.1 of this title. Added by Laws 1987, c. 137, § 2, eff. Nov. 1, 1987. Amended by Laws 2025, c. 427, § 2, emerg. eff. May 29, 2025.