Oklahoma SB324 creates a tax credit for qualified research expenditures starting in tax year 2026.
Oklahoma SB324 introduces a tax credit for qualified research expenditures, defined as those claimed on federal Form 6765. The credit amounts to five percent of these expenditures and is applicable for tax year 2026 and subsequent years. The credit cannot be refunded and can be carried forward for up to five years. This act becomes effective November 1, 2025.
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