A. The withheld taxes and estimated taxes paid shall be allowed as credits as provided by law. B. 1. There shall be allowed as a credit against the tax imposed by Section 2355 of this title the amount of tax paid another state by a resident individual, as defined in paragraph 4 of Section 2353 of this title, upon income received as compensation for personal services in such other state; provided, such credit shall not be allowed with respect to any income specified in Section 114 of Title 4 of the United States Code, 4 U.S.C., Section 114, upon which a state is prohibited from imposing an income tax. The credit shall not exceed such proportion of the tax payable under Section 2355 of this title as the compensation for personal services subject to tax in the other state and also taxable under Section 2355 of this title bears to the Oklahoma adjusted gross income as defined in paragraph 13 of Section 2353 of this title. 2. For tax years beginning after December 31, 2007, there shall be allowed to a resident individual or part-year resident individual or nonresident individual member of the Armed Forces as a credit
against the tax imposed by Section 2355 of this title twenty percent (20%) of the credit for child care expenses allowed under the Internal Revenue Code of the United States or five percent (5%) of the child tax credit allowed under the Internal Revenue Code, whichever amount is greater. Neither credit authorized by this paragraph shall exceed the tax imposed by Section 2355 of this title. The maximum child care credit allowable on the Oklahoma income tax return shall be prorated on the ratio that Oklahoma adjusted gross income bears to the federal adjusted gross income. The credit authorized by this paragraph shall not be claimed by any taxpayer if the federal adjusted gross income reflected on the Oklahoma return for the taxpayer is in excess of One Hundred Thousand Dollars ($100,000.00). Added by Laws 1971, c. 137, § 7, emerg. eff. May 11, 1971. Amended by Laws 1971, p. 1042, H.J.R. No. 1026, §§ 2A7, 8, emerg. eff. June 22, 1971; Laws 1977, c. 3, § 1, emerg. eff. Feb. 8, 1977; Laws 1977, c. 47, § 1, emerg. eff. May 11, 1977; Laws 1978, c. 214, § 1, emerg. eff. April 19, 1978; Laws 1980, c. 224, § 1, eff. July 1, 1980; Laws 1987, c. 113, § 23, operative Jan. 1, 1987; Laws 1996, c. 289, § 8, eff. July 1, 1996; Laws 1997, c. 294, § 22, eff. July 1, 1997; Laws 2007, c. 136, § 8, eff. Jan. 1, 2008; Laws 2010, c. 327, § 3, eff. July 1, 2010; Laws 2013, c. 363, § 1, eff. Jan. 1, 2014; Laws 2015, c. 147, § 1, eff. Nov. 1, 2015.
Notes of Decisions
Neer v. State Ex Rel. Oklahoma Tax Comm'n, 1999 OK 41 (Okla. 1999).
· cites it 3× “and his spouse, Eileen Neer (taxpayers) to get back part of the Oklahoma income tax they paid in April 1992 for tax year 1991? The claim was grounded on the assertion that pursuant to 68 O.S.1991, § 2357(B)(1), as Oklahoma residents, they were entitled to receive a credit…”
Post Oak Oil Co. v. Oklahoma Tax Comm'n, 575 P.2d 964 (Okla. 1978).
· cites it 6× “68 O.S.Supp.1977, § 2357 D. 2 Tax Commission contends the tax to be on the local state act of severance or production of gas without regard to sale in intrastate or interstate commerce that occurs after severance and after the levying of the tax.”
Cities Serv. Gas Co. v. Oklahoma Tax Comm'n, 774 P.2d 468 (Okla. 1989).
· cites it 2× “The pipeline companies argue that while the tax is facially non-discriminatory, when it is coupled with the tax credit provided under 68 O.S.1981 § 2357, 13 it becomes overtly discriminatory.”
Fent v. State ex rel. Oklahoma Tax Comm'n, 99 P.3d 241 (Okla. 2004).
“See, 68 O.S. § 2357 et seq. If there are two possible interpretations, one of which would hold legislation unconstitutional, the construction must be applied which renders them constitutional 997 P.”
Fent v. State Ex Rel. Oklahoma Tax Com'n, 2004 OK 59 (Okla. 2004).
· cites it 2× “¶ 15 A cursory review of the statues that provide for exemptions or credits from income taxation in the Income Tax Code, 68 O.S.2001 § 2357 et seq., reveal that the legislature has selected various areas for granting tax credits and the ways that they are implemented.”
Oklahoma Fixture Co. v. Oklahoma Tax Comm'n, 966 P.2d 206 (Okla. Civ. App. 1998).
“” 68 O.S.1991 § 2357(A). The plain purpose in either ease is “to encourage the creation of new jobs,” to reward “an actual increase in the number of employees” and to provide “an incentive to companies to actually increase the number of employees .”
Okla. Stat. tit. 68, § 2357(A): 1 case
Oklahoma Fixture Co. v. Oklahoma Tax Comm'n, 966 P.2d 206 (Okla. Civ. App. 1998).
“” 68 O.S.1991 § 2357(A). The plain purpose in either ease is “to encourage the creation of new jobs,” to reward “an actual increase in the number of employees” and to provide “an incentive to companies to actually increase the number of employees .”
Okla. Stat. tit. 68, § 2357(B)(1): 1 case
Neer v. State Ex Rel. Oklahoma Tax Comm'n, 1999 OK 41 (Okla. 1999).
“and his spouse, Eileen Neer (taxpayers) to get back part of the Oklahoma income tax they paid in April 1992 for tax year 1991? The claim was grounded on the assertion that pursuant to 68 O.S.1991, § 2357(B)(1), as Oklahoma residents, they were entitled to receive a credit…”
Okla. Stat. tit. 68, § 2357(D)(1): 1 case
Cities Serv. Gas Co. v. Oklahoma Tax Comm'n, 774 P.2d 468 (Okla. 1989).
“The pipeline companies argue that while the tax is facially non-discriminatory, when it is coupled with the tax credit provided under 68 O.S.1981 § 2357, 13 it becomes overtly discriminatory.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.