{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2357.303","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2357.303","heading":"Credit for compensation paid to employees","body":"A. Except as provided in subsection F of this section, for tax\n\nyears 2009 through 2031, a qualified employer shall be allowed a\n\ncredit against the tax imposed pursuant to Section 2355 of this\n\ntitle for compensation paid to a qualified employee.\n\nB. The credit authorized by subsection A of this section shall\n\nbe in the amount of:\n\n1. Ten percent (10%) of the compensation paid for the first\n\nthrough fifth years of employment in the aerospace sector if the\n\nqualified employee graduated from an institution located in this\n\nstate; or\n\n2. Five percent (5%) of the compensation paid for the first\n\nthrough fifth years of employment in the aerospace sector if the\n\nqualified employee graduated from an institution located outside\n\nthis state.\n\nC. The credit authorized by this section shall not exceed\n\nTwelve Thousand Five Hundred Dollars ($12,500.00) for each qualified\n\nemployee annually.\n\nD. The credit authorized by this section shall not be used to\n\nreduce the tax liability of the qualified employer to less than zero\n\n(0).\n\nE. No credit authorized pursuant to this section shall be\n\nclaimed after the fifth year of employment.\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 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, 2011.\n\nBeginning July 1, 2011, 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, 2011, according to the provisions\n\nof this section.","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":"0e4f97cb78675a355a4de2da8b34924776779bfaa060b11c8c21d7c202338661","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2357.302","next":"us-ok/okla.-stat.-tit.-68-68-2357.304"},"notice":"GroundRules: Original legal text. Not legal advice."}