Disclosure of taxpayers who claimed tax credits

Official textoscn.netlast amended Jul 01, 2025

# A.

The Oklahoma Tax Commission shall prepare and maintain a list of all taxpayers who have claimed any tax credit authorized by any provisions of state law and related to a tax administered by the Tax Commission. The Office of Management and Enterprise Services shall cause the list to be posted on the Internet through the Taxpayer Transparency Act website in a format which is searchable and can be exported in raw data form.
The Office of Management and Enterprise Services shall include the name of each taxpayer who claimed a credit, the amount of such credit and the specific statutory provision under which the credit was claimed. The Internet list shall be updated not less than monthly. The list shall include the identity of all taxpayers or organizations having any part in the chain of custody or claim to the credit or credits at any time during the credit's existence from the initial time the credit is earned, through the time that the credit is claimed on a tax return.

# B.

For the purposes of this section, "tax credit" means a credit against tax liability that is a credit administered by the Tax Commission, excluding credits authorized under Section 28-101 of Title 70 of the Oklahoma Statutes and paragraphs 1 and 2 of subsection B of Section 2357, Section 2357.4, and Sections 2357.29 and 2357.43 of this title.

# C.

In addition to the disclosure required by subsection A of this section, for any tax credit that may be claimed by any person or any lawfully recognized business entity pursuant to the provisions of Sections 2357.62, 2357.63, 2357.73, and 2357.74 of this title, the Oklahoma Tax Commission shall maintain a list of any person and any such entity that may be able to claim any such credit as a result of the allocation of tax credits based upon the passthrough federal income tax treatment applicable to the entity that makes a qualified investment, as such term is defined by paragraph 6 of Section 2357.61 of this title and paragraph 7 of Section 2357.72 of this title, in either a qualified small business capital company or a qualified rural small business capital company. For purposes of this subsection, the Tax Commission shall determine the identity of such persons and legal entities as of the December 31 date of the calendar year during which the qualified investment is made.

# D.

Upon the effective date of this act, information on taxpayers claiming the tax credits authorized under Section 28-101 of Title 70 of the Oklahoma Statutes shall be removed from the list maintained and posted online pursuant to subsection A of this section.

Amendment history

Added by Laws 2010, c. 459, § 3, eff. July 1, 2010. Amended by Laws 2011, c. 273, § 2, eff. Jan. 1, 2012; Laws 2012, c. 304, § 533; Laws 2025, c. 295, § 1, eff. July 1, 2025.

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