{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2357.406","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2357.406","heading":"Tax credit for blood donations by employees","body":"A. As used in this section:\n\n1. \"Blood donation\" means the voluntary and uncompensated\n\ndonation of whole blood, or specific components of blood, by an\n\nemployee, drawn for use by a nonprofit blood bank organization as\n\npart of a blood drive;\n\n2. \"Blood drive\" means a function held at a specific date and\n\ntime which is organized by a nonprofit blood bank organization in\n\ncoordination with an employer or group of employers and is closed to\n\nnonemployees;\n\n3. \"Employee\" means an individual employed by an employer\n\nauthorized to claim a credit pursuant to this section;\n\n4. \"Employer\" means a sole proprietor, general partnership,\n\nlimited partnership, limited liability company, corporation or other\n\nlegally recognized business entity; and\n\n5. \"Verified donation\" means a blood donation by an employee,\n\nmade during a blood drive as defined in paragraph 2 of this\n\nsubsection, which can be documented by an employer.\n\nB. For tax years 2022 through 2027, an employer shall be\n\nallowed a credit against the tax imposed pursuant to Section 2355 or\n\n2355.1P-4 of Title 68 of the Oklahoma Statutes, for each verified\n\ndonation of blood made by an employee as part of a blood drive by an\n\nOklahoma nonprofit blood donation organization.\n\nC. The credit authorized by subsection B of this section shall\n\nbe equal to Twenty Dollars ($20.00) for each verified donation.\n\nD. 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\nE. The total amount of credits authorized by this section used\n\nto offset tax shall be adjusted annually to limit the annual amount\n\nof credits to Five Hundred Thousand Dollars ($500,000.00). The\n\nOklahoma Tax Commission shall annually calculate and publish a\n\npercentage by which the credits authorized by this section shall be\n\nreduced so the total amount of credits used to offset tax does not\n\nexceed Five Hundred Thousand Dollars ($500,000.00) per year. The\n\nformula to be used for the percentage adjustment shall be Five\n\nHundred Thousand Dollars ($500,000.00) divided by the credits\n\nclaimed in the second preceding year.\n\nF. The Oklahoma Tax Commission may determine, by rule,\n\ndocumentation required to implement 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":"71b6cc8c30cd2634ddbe65ddbd60ef3d3b5407809bd7cf2ac50d9a7fc44e9f14","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2357.405","next":"us-ok/okla.-stat.-tit.-68-68-2357.409"},"notice":"GroundRules: Original legal text. Not legal advice."}