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§ 295. Tax credit data available online

Oklahoma Statutes AnnotatedTitle 68. Revenue and TaxationEffective: November 1, 2018

Oklahoma Statutes Annotated
Title 68. Revenue and Taxation (Refs & Annos)
Chapter 1. Tax Codes (Refs & Annos)
Article 2. Uniform Tax Procedure (Refs & Annos)
Effective: November 1, 2018
68 Okl.St.Ann. § 295
§ 295. Tax credit data available online
Currentness
A. The Oklahoma Tax Commission is authorized and directed to make tax credit data available on its website. Data shall be made available in an open-structured data format that may be downloaded by the public and that allows the user to systematically sort, search and access all data without any fee or charge for access. As used in this section, “tax credit” means a credit pursuant to the Oklahoma Income Tax Act1 against tax liability which is taken by a taxpayer.
B. Such website shall also include, but not be limited to:
1. A brief explanation of the credit, including the year the credit was first allowed to taxpayers; and
2. The following information for tax year 2013 and each tax year thereafter for each credit:
a. the amount of credits claimed,
b. the amount of credits used to reduce tax liability or refunded to taxpayers,
c. the amount of credits carried over to a future tax year, if available,
d. the number of taxpayers claiming the credit, and
e. the annual growth rate in the number and amount of credits claimed.
C. The provisions of subsection A of this section shall be applicable to tax credits enacted prior to and after the effective date of this act.2
D. Notwithstanding the provisions of Section 205 of Title 68 of the Oklahoma Statutes, the Tax Commission is authorized to provide the information in subsection B of this section regardless of the number of taxpayers claiming the credit.
E. The Tax Commission shall make the data available on its website on or before January 1, 2020.

Credits

Laws 2018, c. 288, § 1, eff. Nov. 1, 2018.

Footnotes

1
Title 68, § 2351 et seq.
2
O.S.L.2018, c. 288, effective November 1, 2018.
68 Okl. St. Ann. § 295, OK ST T. 68 § 295
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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