{"data":{"id":"us-ok/okla.-stat.-tit.-27a-27a-2-11-304","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 27A, § 27A-2-11-304","heading":"Application for tax credit","body":"\n\nA. In order to qualify for the income tax credit, said person,\n\nfirm, corporation or other legal entity engaged, or proposing to\n\nengage, in such recycling, reuse, or source reduction of hazardous\n\nwaste shall first make application to the Department of\n\nEnvironmental Quality on forms to be provided by the Department and\n\nshall submit all available information relative to the applicant's\n\noperations bearing upon the nature and amount of hazardous waste\n\nresulting, or expected to result therefrom, the effectiveness of the\n\nproposed recycling, reuse, or source reduction process and such\n\nother relevant information bearing upon the process as may be\n\nrequired by the Department. Upon receipt of such application for\n\ntax credit and supporting information, it shall be the duty of the\n\nDepartment to make as accurately as possible:\n\n1. A verification of the accuracy of supporting information\n\nsubmitted by the applicant, or otherwise officially to determine the\n\ncharacter and chemical content of the hazardous waste;\n\n2. A determination of the most effective type of recycling,\n\nreuse, or source reduction process taking into consideration\n\nalternative types of recycling, reuse, or source reduction methods\n\nif any, and the relative cost of each such type;\n\n3. A determination of the actual or approximate capital\n\ninvestment required to effectuate such installation so as to arrive\n\nat an actual or estimated agreed, net, nonprofitable or profitable\n\ninvestment expense of installing said recycling, reuse, or source\n\nreduction process; and\n\n4. A determination as to whether or not such recommended\n\ninstallation of recycling, reuse, or source reduction processes will\n\nof itself be productive of additional income or savings and will\n\nresult in a reduction of hazardous waste for said applicant.\n\nB. The actual or estimated agreed net investment cost of such\n\nprocess shall be certified to the Oklahoma Tax Commission by the\n\nDepartment. In no event shall the Oklahoma Tax Commission allow a\n\ntax credit to be taken in excess of the actual net investment cost\n\nof such approved recycling, reuse, or source reduction processing\n\noperations.","path":["OK Code","Title 27A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os27A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"51e27658a9cc5aa65ca2f4dde2efa7bf74a1473e6e075f79c7bda31ef02311b2","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-27a-27a-2-11-302","next":"us-ok/okla.-stat.-tit.-27a-27a-2-11-305"},"notice":"GroundRules: Original legal text. Not legal advice."}