Oklahoma SB52 modifies the calculation of the earned income tax credit for tax years 2022 and beyond.
Oklahoma SB52 amends the calculation of the Oklahoma earned income tax credit for tax years beginning on or after January 1, 2022. It limits the credit calculation to certain tax years, clarifies statutory language, and updates statutory references. The bill specifies that the maximum earned income tax credit allowable on the Oklahoma income tax return shall be prorated based on the ratio of Oklahoma adjusted gross income to federal adjusted gross income. The act becomes effective November 1, 2025.
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