{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2357.304","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2357.304","heading":"Credit for employees","body":"A. Except as provided in subsection D of this section, for tax\n\nyears 2009 through 2031, a qualified employee shall be allowed a\n\ncredit against the tax imposed pursuant to Section 2355 of this\n\ntitle of up to Five Thousand Dollars ($5,000.00) per tax year for a\n\nperiod of time not to exceed five (5) years during the lifetime of\n\nthe qualified employee. This credit may be claimed in\n\nnonconsecutive tax years.\n\nB. The credit authorized by this section shall not be used to\n\nreduce the tax liability of the taxpayer to less than zero (0).\n\nC. Any credit claimed, but not used, may be carried over, in\n\norder, to each of the five (5) subsequent taxable years.\n\nD. 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":"7de40c9b9d63d41588c1c486c8ee9bb9baf2d44c6a5a73b915af563cea03ba63","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2357.303","next":"us-ok/okla.-stat.-tit.-68-68-2357.31"},"notice":"GroundRules: Original legal text. Not legal advice."}