{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2357.27","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2357.27","heading":"Tax credits - Child care services - Definitions","body":"A. Except as otherwise provided by subsection E or F of this\n\nsection, for tax years beginning after December 31, 1998, and ending\n\nbefore January 1, 2016, there shall be allowed a credit against the\n\ntax imposed by Section 2355 of this title for eligible expenses\n\nincurred by entities primarily engaged in the business of providing\n\nchild care services.\n\nB. As used in this section, \"eligible expenses\" means amounts\n\npaid by an entity primarily engaged in the business of providing\n\nchild care services for expenses incurred by the entity to comply\n\nwith the standards promulgated by a national accrediting association\n\nrecognized by the Department of Human Services and which would not\n\nhave been incurred by the entity to comply with the Oklahoma Child\n\nCare Facilities Licensing Act.\n\nC. The credit allowed by subsection A of this section shall be\n\ntwenty percent (20%) of the amount of eligible expenses. Such\n\ncredit shall not be allowed for any amounts for which the entity\n\nclaims or receives an income tax credit, exemption or deduction.\n\nD. Any credits allowed but not used in any tax year may be\n\ncarried over in order to each of the four (4) tax years following\n\nthe year of qualification.\n\nE. No credit otherwise authorized by the provisions of this\n\nsection may be claimed for any event, transaction, investment,\n\nexpenditure or other act occurring on or after July 1, 2010, for\n\nwhich the credit would otherwise be allowable. The provisions of\n\nthis subsection shall cease to be operative on July 1, 2012.\n\nBeginning July 1, 2012, the credit authorized by this section may be\n\nclaimed for any event, transaction, investment, expenditure or other\n\nact occurring on or after July 1, 2012, according to the provisions\n\nof this section.\n\nF. No credit otherwise authorized by the provisions of this\n\nsection may be claimed for any event, transaction, investment,\n\nexpenditure or other act occurring on or after January 1, 2016, for\n\nwhich the credit would otherwise be allowable.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"f8606d7ed5f78612a766a3e4581959ebed002f9198721fc681eb88f0d25c1e03","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2357.25a","next":"us-ok/okla.-stat.-tit.-68-68-2357.28"},"notice":"GroundRules: Original legal text. Not legal advice."}