Okla. Stat. tit. 68, § 68-2357.47

modification expenses.

Oklahoma Statutes - Title 68. Revenue and Taxation Page 828

A. 1. Except as otherwise provided in subsection D of this

section, for tax years beginning after December 31, 2005, and ending

before January 1, 2015, there shall be allowed against the tax

imposed by Section 2355 of this title, a credit for eligible wages

paid by an employer to an employee. The amount of the credit shall

be ten percent (10%) of the amount of the gross wages paid to the

employee for a period not to exceed ninety (90) days but in no event

shall the credit exceed Five Thousand Dollars ($5,000.00) for each

employee of each taxpayer. In no event shall the total credit

claimed exceed Twenty-five Thousand Dollars ($25,000.00) in any one

year for any taxpayer.

2. Except as otherwise provided by subsection D of this

section, for tax years beginning after December 31, 2005, and ending

before January 1, 2017, there shall be allowed against the tax

imposed by Section 2355 of this title, a credit for eligible

modification expenses of an employer. The amount of the credit

shall be fifty percent (50%) of the amount of the funds expended for

eligible modification expenses or new tools or equipment but in no

event shall the credit exceed One Thousand Dollars ($1,000.00) for

eligible modification expenses incurred for any single employee. In

no event shall the total credit claimed exceed Ten Thousand Dollars

($10,000.00) in any year for any taxpayer.

3. As used in this section:

a. "employee", "employer", "maximum medical improvement",

"treating physician", and "wages" shall be defined as

in Title 85 of the Oklahoma Statutes,

b. "eligible wages" means gross wages paid by an employer

to an employee who is injured as a result of an injury

which is compensable under Title 85 of the Oklahoma

Statutes and which are paid beginning when the

employee returns to work with restricted duties as

provided by the employee's treating physician or an

independent medical examiner before the employee has

reached maximum medical improvement, and ending after

ninety (90) days or when the employee has reached

maximum medical improvement, and

c. "eligible modification expenses" means expenses

incurred by an employer to modify a workplace, tools

or equipment or to obtain new tools or equipment and

which are incurred by an employer solely to enable a

specific injured employee who is injured as a result

of an injury which is compensable under the Workers'

Compensation Act to return to work with restricted

duties as provided by the employee's treating

physician or an independent medical examiner before

the employee has reached maximum medical improvement,

Oklahoma Statutes - Title 68. Revenue and Taxation Page 829

and which workplace, tools or equipment are used

primarily by the injured employee.

B. In no event shall the amount of the credit(s) exceed the

amount of any tax liability of the taxpayer.

C. The Oklahoma Tax Commission shall have the authority to

promulgate rules necessary to effectuate the purposes of this

section.

D. No credit otherwise authorized by the provisions of this

section may be claimed for any event, transaction, investment,

expenditure or other act occurring on or after July 1, 2010, for

which the credit would otherwise be allowable. The provisions of

this subsection shall cease to be operative on July 1, 2012.

Beginning July 1, 2012, the credit authorized by this section may be

claimed for any event, transaction, investment, expenditure or other

act occurring on or after July 1, 2012, according to the provisions

of this section.