Income tax credit; limiting new jobs tax credit to certain tax years for manufacturers; modifying carryforward. Effective date.

Summary

The bill revises Oklahoma’s income‑tax credit for manufacturers that create new jobs, restricting the credit to designated tax years and altering how unused credits can be carried forward. It also adds application, reporting, and data‑sharing requirements, and updates confidentiality rules for Tax Commission records. The changes aim to focus the credit on recent job creation and improve oversight of the program.

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