{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-624.1","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-624.1","heading":"Tax credit for taxes paid by domestic insurer in foreign","body":"state.\n\nIf, by the laws of any state other than this state, or by the\n\naction of any public official of another state, any insurer or\n\ncompany, as defined in Section 624 of this Code, organized or\n\ndomiciled in this state, shall be required to pay taxes for the\n\nprivilege of doing business in such other state, and such amounts\n\nare imposed or assessed so that the taxes which are or would be\n\nimposed against Oklahoma domestic insurance companies are greater\n\nthan those taxes required of insurers organized or domiciled in such\n\nother states, to the extent such amounts are legally due to such\n\nother states, an insurer or company organized or domiciled in this\n\nstate may claim a credit against the tax payable pursuant to this\n\narticle for any calendar year prior to 1989 of a sum not to exceed\n\none hundred percent (100%) of such amount. Provided, for the tax\n\nattributed to premiums collected prior to July 1, 1988, the credit\n\nshall not be greater than the tax payable for such premiums; for the\n\ntax attributed to premiums collected on or after July 1, 1988\n\nthrough December 31, 1988, the credit authorized by this section and\n\nthe investment credit authorized by Section 625 of this title shall\n\nnot reduce the tax payable for such premiums to less than one\n\npercent (1%).\n\nBeginning with the taxes payable for calendar year 1989, the\n\npremium tax levied by Section 624 of this title shall not be reduced\n\nby the credit provided for in this section.","path":["OK Code","Title 36"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os36.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"7da4c3179a0d2d333d1abef031e01e3f8102e2d7549f3f6f50bcb6b762c0b92d","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-624","next":"us-ok/okla.-stat.-tit.-36-36-624.2"},"notice":"GroundRules: Original legal text. Not legal advice."}