Oklahoma § 68-2357.304 - Credit for employees
Full text of Oklahoma Oklahoma Statutes § 68-2357.304 — Credit for employees, with citation guidance and answers to common questions.
§ 68-2357.304. Credit for employees
A. Except as provided in subsection D of this section, for tax
years 2009 through 2031, a qualified employee shall be allowed a
credit against the tax imposed pursuant to Section 2355 of this
title of up to Five Thousand Dollars ($5,000.00) per tax year for a
period of time not to exceed five (5) years during the lifetime of
the qualified employee. This credit may be claimed in
nonconsecutive tax years.
B. The credit authorized by this section shall not be used to
reduce the tax liability of the taxpayer to less than zero (0).
C. Any credit claimed, but not used, may be carried over, in
order, to each of the five (5) subsequent taxable years.
D. No credit otherwise authorized by the provisions of this
section may be claimed for any event, transaction, investment,
expenditure or other act occurring on or after July 1, 2010, for
Oklahoma Statutes - Title 68. Revenue and Taxation
which the credit would otherwise be allowable. The provisions of
this subsection shall cease to be operative on July 1, 2011.
Beginning July 1, 2011, the credit authorized by this section may be
claimed for any event, transaction, investment, expenditure or other
act occurring on or after July 1, 2011, according to the provisions
of this section.
Added by Laws 2008, c. 417, § 4, eff. Jan. 1, 2009. Amended by Laws
2010, c. 327, § 28, eff. July 1, 2010; Laws 2011, c. 5, § 3; Laws
2014, c. 30, § 4, eff. Nov. 1, 2014; Laws 2017, c. 153, § 3, eff.
Nov. 1, 2017; Laws 2024, c. 313, § 2, eff. Nov. 1, 2024; Laws 2025,
c. 402, § 3, eff. Nov. 1, 2025.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 68-2357.304
What does Oklahoma Statutes § 68-2357.304 cover?
Section 68-2357.304 ("Credit for employees") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 68-2357.304?
A common citation format is "Oklahoma Statutes § 68-2357.304" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 68-2357.304 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.