Oklahoma § 68-2357.322 Tuition reimbursement credit.

Oklahoma Statutes

§ 68-2357.322 — Tuition reimbursement credit.

Oklahoma § 68-2357.322

Title 68Revenue And Taxation

This text of Oklahoma § 68-2357.322 (Tuition reimbursement credit.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 68, § 68-2357.322 (2026).

Text

A.For taxable years beginning after December 31, 2025, and ending before January 1, 2031, a qualified employer shall be allowed a credit against the tax imposed pursuant to Section 2355 of Title 68 of the Oklahoma Statutes for tuition reimbursed to a qualified employee.

B.The credit authorized by subsection A of this section may be claimed only if the qualified employee has been awarded an undergraduate or graduate degree within one (1) year of commencing employment with the qualified employer.

C.The credit authorized by subsection A of this section shall be in the amount of fifty percent (50%) of the tuition reimbursed to a qualified employee for the first through fourth years of employment. In no event shall this credit exceed fifty percent (50%) of the average annual amount paid by a

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A. For taxable years beginning after December 31, 2025, and ending before January 1, 2031, a qualified employer shall be allowed a credit against the tax imposed pursuant to Section 2355 of Title 68 of the Oklahoma Statutes for tuition reimbursed to a qualified employee. B. The credit authorized by subsection A of this section may be claimed only if the qualified employee has been awarded an undergraduate or graduate degree within one (1) year of commencing employment with the qualified employer. C. The credit authorized by subsection A of this section shall be in the amount of fifty percent (50%) of the tuition reimbursed to a qualified employee for the first through fourth years of employment. In no event shall this credit exceed fifty percent (50%) of the average annual amount paid by a qualified employee for enrollment and instruction in a qualified program at a public institution in Oklahoma. D. The credit authorized by subsection A of this section shall not be used to reduce the tax liability of the qualified employer to less than zero (0). E. No credit authorized by this section shall be claimed after the fourth year of employment.