Title 68 — Title 68 — Revenue and Taxation

A. Except as provided in subsection F of this section, for tax years 2009 through 2031, a qualified employer shall be allowed a credit against the tax imposed pursuant to Section 2355 of this title for compensation paid to a qualified employee. B. The credit authorized by subsect…

A. Except as provided in subsection D of this section, for tax years 2009 through 2031, a qualified employee shall be allowed a credit against the tax imposed pursuant to Section 2355 of this title of up to Five Thousand Dollars ($5,000.00) per tax year for a period of time not t…

A. As used in this section: 1. "Eligible employer" means a corporation, partnership or proprietorship which: a. has done business in this state for at least one (1) year, b. has not provided group health insurance within the fifteen (15) months preceding the offer to purchase gro…

2014.

As used in Sections 1 through 4 of this act: 1. "Compensation" means payments in the form of contract labor for which the payor is required to provide a Form 1099 to the person paid wages subject to withholding tax paid to a part-time employee, full-time employee, salary, or othe…

A. For taxable years beginning after December 31, 2025, and ending before January 1, 2031, a qualified employer shall be allowed a credit against the tax imposed pursuant to Section 2355 of Title 68 of the Oklahoma Statutes for tuition reimbursed to a qualified employee. B. The c…

A. For taxable years beginning on or after January 1, 2026, and ending before January 1, 2031, a qualified employer shall be allowed a credit against the tax imposed pursuant to Section 2355 of Title 68 of the Oklahoma Statutes for compensation paid to a qualified employee. B. Th…

A. For taxable years beginning on or after January 1, 2026, and ending before January 1, 2031, a qualified employee shall be allowed a credit against the tax imposed pursuant to Section 2355 of Title 68 of the Oklahoma Statutes up to Five Thousand Dollars ($5,000.00) per year for…

Tax credit. A. Except as otherwise provided in subsection H of this section, for tax years beginning on or after January 1, 2003, but with respect to tax credits for eligible renewable resources described by subparagraphs b, c and d of paragraph 2 of this subsection, for tax year…

68 O.S. § 2357.32B Repealed by Laws 2025, c. 89, § 1, eff. Nov. 1, 2025

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Employees A. Except as otherwise provided in subsection F of Section 3658 of this title and in subsections J and K of this section, for taxable years beginning after December 31, 1987, there shall be allowed a credit against the tax imposed by Section 2355 of this title for: 1. I…

2014.

A. Except as otherwise provided by subsections B and C of this section, for taxable years beginning January 1, 2009, and ending before January 1, 2017, there shall be allowed a credit against the tax imposed pursuant to Section 2355 of this title in the amount of all electronic f…

2014.

A. This act shall be known and may be cited as the "Oklahoma Affordable Housing Act". B. As used in this section: 1. "Allocation year" means the year for which the Oklahoma Housing Finance Agency allocates credits pursuant to this section; 2. "Eligibility statement" means a state…

employees of vehicle and automotive parts manufacturing companies. A. As used in this section: 1. "Vehicle manufacturing" and "automotive parts manufacturing" mean a private or public company first placed in operation in this state after November 1, 2019, which is engaged in the …

employees. A. As used in this section: 1. "Degree-producing institution" means any public or private college or university that has accredited programs, as defined in this section, from the Accreditation Board for Engineering and Technology (ABET); 2. "Technology center" means an…

A. As used in this section: 1. "Blood donation" means the voluntary and uncompensated donation of whole blood, or specific components of blood, by an employee, drawn for use by a nonprofit blood bank organization as part of a blood drive; 2. "Blood drive" means a function held at…

preceptorship rotation. A. As used in this section: 1. “Advanced practice registered nursing student” means an individual participating in a state-supported training program in this state that is approved by the Oklahoma Board of Nursing for the training of individuals to become …

Certified historic structures. A. Except as otherwise provided by subsection I of this section, for tax years beginning after December 31, 2000, there shall be allowed a credit against the tax imposed by Sections 2355 and 2370 of this title or that portion of the tax imposed by S…

vehicle providers. A. For tax years beginning after December 31, 2000, and ending before January 1, 2009, there shall be allowed to an investor making an eligible investment a credit against the tax imposed by Section 2355 or 2370 of this title or Section 624 or 628 of Title 36 o…

For tax years beginning on or after January 1, 2022, there shall be allowed to a resident individual or a part-year resident individual as a credit against the tax imposed by Section 2355 of this title five percent (5%) of the earned income tax credit allowed under Section 32 of …

10, 2002.

institute - Tax credit. A. 1. For tax years beginning after December 31, 2004, there shall be allowed against the tax imposed by Section 2355 of this title, a credit for any taxpayer who makes a donation to an independent biomedical research institute and for tax years beginning …

construction of certain energy efficient residential properties A. Except as otherwise provided by subsection G of this section, for the time period beginning on or after January 1, 2006, and ending on July 1, 2016, there shall be allowed a credit against the tax imposed by Secti…

modification expenses. A. 1. Except as otherwise provided in subsection D of this section, for tax years beginning after December 31, 2005, and ending before January 1, 2015, there shall be allowed against the tax imposed by Section 2355 of this title, a credit for eligible wages…

cancer. A. As used in this section: 1. “Cancer” means, but is not limited to, lung cancer, prostate cancer, testicular cancer, skin cancer, colon cancer, breast cancer, or any other form of cancer which is generally recognized as having a higher risk of occurrence in a person who…

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A. Except as otherwise provided by subsection F of this section, if any person, firm, corporation, partnership or other legal entity has made application or filed an information report on forms prescribed by the Oklahoma Tax Commission to receive a credit against the tax imposed …

68 O.S. § 2357.6 Repealed by Laws 2013, c. 363, § 4, eff. Jan. 1, 2014

Sections 2357.60 through 2357.65 of this title, including the provisions of Sections 10, 11, 12, 13 and 14 of this act, shall be known and may be cited as the "Small Business Capital Formation Incentive Act". Added by Laws 1997, c. 167, § 1, eff. Jan. 1, 1998. Amended by Laws 200…

A. As used in this section, "nonrecurring adoption expenses" means adoption fees, court costs, medical expenses, attorney fees, and expenses which are directly related to the legal process of adoption of a child including, but not limited to, costs relating to the adoption study,…

As used in the Small Business Capital Formation Incentive Act: 1. "Acquisition" means the use of capital by an Oklahoma small business venture within six (6) months after obtaining the capital to purchase fifty-one percent (51%) or more of the voting interest entitled to elect th…

The Legislature hereby establishes a moratorium on tax credits authorized pursuant to Sections 2357.62 and 2357.63 of Title 68 of the Oklahoma Statutes, subject to the provisions of subsection A of Section 2357.62 and subsection A of Section 2357.63 of Title 68 of the Oklahoma St…

business capital companies. A. Except as provided in Section 1 of this act, for taxable years beginning after December 31, 1997, and before January 1, 2012, there shall be allowed a credit against the tax imposed by Section 2355 or, effective January 1, 2001, Section 2370 of this…

business ventures in conjunction with investment made by qualified small business capital company. A. Except as provided in Section 1 of this act, for taxable years beginning after December 31, 1997, and before January 1, 2012, there shall be allowed a credit against the tax impo…