Okla. Stat. tit. 59, § 59-567.31
This is the official text of Okla. Stat. tit. 59, § 59-567.31, 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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Advanced Practice Registered Nurse Preceptor Tax Credit
Official statutory text
Revolving Fund.
There is hereby created in the State Treasury a revolving fund
for the Oklahoma Board of Nursing to be designated the “Advanced
Practice Registered Nurses 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 Advanced Practice
Registered Nurses 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.
Oklahoma Statutes - Title 59. Professions and Occupations Page 606
There is hereby created in the State Treasury a revolving fund
for the Oklahoma Board of Nursing to be designated the “Advanced
Practice Registered Nurses 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 Advanced Practice
Registered Nurses 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.
Oklahoma Statutes - Title 59. Professions and Occupations Page 606
Status: in_force · Read it on the official government site
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