OK SB233

Establishes a tax credit for licensed physicians (allopathic or osteopathic) who begin employment as primary care physicians on or after the bill's effective date.

Credit applies only to physicians employed in municipalities outside the Oklahoma City or Tulsa Metropolitan Statistical Areas with populations under 20,000 according to the most recent Federal Decennial Census.

Allows a maximum tax credit of $5,000 per year for up to 5 years from the initial year of qualification, not to exceed the taxpayer's income tax liability.

Authorizes the Oklahoma Tax Commission to promulgate rules necessary to implement the credit provisions.

Effective date: November 1, 2011.