2014 Oklahoma Statutes
Title 68. Revenue and Taxation
§68-1219. Tax credit.
For taxable years beginning on or after January 1, 2010 and ending on or before December 31, 2013, there shall be allowed a credit against the tax levied by Section 2355 of this title in the amount of Twenty-five Dollars ($25.00) of the Oklahoma Business Activity Tax paid; provided, no credit shall be allowed for any amount of tax paid pursuant to subsection C of Section 1218 of this title. The credit may only be taken for the year in which the Business Activity Tax is levied and may only be taken if the Business Activity Tax is timely paid. The credit shall not be refundable and shall not carry forward.
Added by Laws 2010, S.J.R. No. 61, § 6. Amended by Laws 2012, c. 332, § 2, eff. Nov. 1, 2012.
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