Okla. Stat. tit. 59, § 59-495i
This is the official text of Okla. Stat. tit. 59, § 59-495i, part of Oklahoma’s Stat. tit. 59, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 59,." Browse the sections below, each linked to its official government source.
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Physician Preceptor Tax Credit Revolving Fund
Official statutory text
There is hereby created in the State Treasury a revolving fund
for the State Board of Medical Licensure and Supervision to be
designated the “Physician Preceptor Tax Credit Revolving Fund”. The
fund shall be a continuing fund, not subject to fiscal year
limitations, and shall consist of the monies received by the Board
from a portion of licensure fees received from allopathic physicians
under subsection I of Section 1 of this act. All monies accruing to
the credit of the fund are hereby appropriated and the fund shall be
used to make a transfer payment to the Oklahoma Tax Commission in an
amount equal to the amount of tax credits awarded pursuant to this
act. The Oklahoma Tax Commission shall apportion monies transferred
from the fund in the same manner as provided by Section 2352 of
Title 68 of the Oklahoma Statutes. Monies in the fund which are not
required for payment of administrative expenses to the Health Care
Workforce Training Commission, which shall not exceed five percent
(5%) of monies apportioned to the fund, or which are not required to
be transferred to the Oklahoma Tax Commission as otherwise required
by this act to offset the revenue impacted by the use of the income
tax credits awarded pursuant to Section 1 of this act may be used to
implement programs required or authorized by law.
for the State Board of Medical Licensure and Supervision to be
designated the “Physician Preceptor Tax Credit Revolving Fund”. The
fund shall be a continuing fund, not subject to fiscal year
limitations, and shall consist of the monies received by the Board
from a portion of licensure fees received from allopathic physicians
under subsection I of Section 1 of this act. All monies accruing to
the credit of the fund are hereby appropriated and the fund shall be
used to make a transfer payment to the Oklahoma Tax Commission in an
amount equal to the amount of tax credits awarded pursuant to this
act. The Oklahoma Tax Commission shall apportion monies transferred
from the fund in the same manner as provided by Section 2352 of
Title 68 of the Oklahoma Statutes. Monies in the fund which are not
required for payment of administrative expenses to the Health Care
Workforce Training Commission, which shall not exceed five percent
(5%) of monies apportioned to the fund, or which are not required to
be transferred to the Oklahoma Tax Commission as otherwise required
by this act to offset the revenue impacted by the use of the income
tax credits awarded pursuant to Section 1 of this act may be used to
implement programs required or authorized by law.
Status: in_force · Read it on the official government site
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