SB 1604 Summary

• Establishes a state income tax credit for physicians licensed under Oklahoma's allopathic medical or osteopathic medicine acts who provide on-call emergency room services

• Applies only to physicians with documented agreements to serve on-call at emergency facilities in municipalities outside Oklahoma City and Tulsa metro areas with populations under 20,000

• Provides $100 tax credit per day of on-call service, capped at $5,000 annually per taxpayer, not to exceed actual income tax liability

• Credits become effective January 1, 2011, and Oklahoma Tax Commission authorized to adopt implementing rules