{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2357.31","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2357.31","heading":"Definitions - Tax credit","body":"A. As used in this section:\n\n1. \"Eligible employer\" means a corporation, partnership or\n\nproprietorship which:\n\na. has done business in this state for at least one (1)\n\nyear,\n\nb. has not provided group health insurance within the\n\nfifteen (15) months preceding the offer to purchase\n\ngroup health insurance which meets the requirements of\n\nthis section to at least seventy-five percent (75%) of\n\nits employees who are residents of this state and work\n\nan average of twenty-four (24) hours or more a week\n\nfor said employer,\n\nc. offers the state-certified, basic health benefits plan\n\nto all eligible employees who worked an average of\n\ntwenty-four (24) hours or more a week during the\n\ncalendar quarter preceding the purchase of the policy,\n\nand\n\nd. pays fifty percent (50%) or more of the full cost of\n\nthe portion of the premium attributable to the\n\nemployee for which the employer is claiming credit;\n\n2. \"Eligible employee\" means an employee, proprietor or partner\n\nof the employer claiming the credit who:\n\na. is a resident of this state,\n\nb. works an average of twenty-four (24) hours a week or\n\nmore for the employer, and\n\nc. was not covered by a group health insurance policy or\n\nplan offered by the same employer within the fifteen\n\n(15) months preceding the offer to purchase health\n\ninsurance which meets the requirements of this\n\nsection; and\n\n3. \"State-certified, basic health benefits plan\" means the\n\nbasic health benefits plan developed and approved by the Oklahoma\n\nBasic Health Benefits Board prior to July 1, 1995.\n\nB. 1. For tax years beginning after December 31, 1990, there\n\nshall be allowed to an eligible employer a credit against the tax\n\nimposed by Section 2355 of this title for premiums paid on behalf of\n\neach eligible employee who elects to participate in the state-\n\ncertified, basic health benefits plan and meets the requirements of\n\nthis section. The credit shall be in the amount of Fifteen Dollars\n\n($15.00) a month for each eligible employee and shall be allowed for\n\ntwo (2) consecutive tax years. Provided, if the tax liability of an\n\nemployer pursuant to Section 2355 of this title is less than the\n\ncredit to which the employer is entitled pursuant to this section,\n\nthe Oklahoma Tax Commission shall pay a refund to the employer. The\n\nrefund shall equal the difference between the amount of taxes owed,\n\nafter any other credits or exemptions to which the employer is\n\nentitled have been applied to the tax liability, and the credit to\n\nwhich the employer is entitled pursuant to this section for the tax\n\nyear.\n\n2. Tax credits or refunds may not be granted pursuant to the\n\nprovisions of this section to an employer who, prior to July 1,\n\n1995, was not covered under a state-certified, basic health benefits\n\nplan.\n\nC. The credit shall not be granted unless the eligible employer\n\ncertifies to the Oklahoma Tax Commission that each employee for\n\nwhich the credit is claimed is participating in the state-certified,\n\nbasic health benefits plan.\n\nD. The Oklahoma Tax Commission shall develop and issue\n\nappropriate forms and instructions to enable eligible employers to\n\nclaim the tax credit. The Commission shall promulgate rules to\n\nfacilitate the implementation of 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":"9e9f7640985b07a083d90ddddc8018f2110ae775c12c8a624e44459aca10615e","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2357.304","next":"us-ok/okla.-stat.-tit.-68-68-2357.321"},"notice":"GroundRules: Original legal text. Not legal advice."}