Oklahoma Tax Commission Clarifies Tax Credit Use Under Business Expansion Incentive Program

The Oklahoma Tax Commission issued a letter ruling regarding the Oklahoma Community Economic Development Pooled Finance Act. The ruling clarified that a taxpayer participating in the Business Expansion Incentive Program under this Act cannot claim or utilize the Oklahoma Investment/New Jobs Tax Credit during the period it is receiving benefits from the program, but can establish new credits during that period to carry forward to future years once program participation ends. The taxpayer also cannot use any prior credit carryforwards during the program participation period. [Okla. Tax Comm’n, LR-25-004, 11/12/25]
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