OK HB2352

Allows a tax credit against Oklahoma income tax for the cost of purchasing and installing video surveillance equipment at livestock auction markets, effective for tax years beginning after December 31, 2012.

Credit amount equals the purchase price plus installation costs of the surveillance equipment, but cannot exceed $5,000 per taxpayer.

Unused credits may be carried forward for up to 5 years following the year of qualification.

Surveillance equipment is limited to cameras with recording devices used to observe areas where livestock are kept before and after auctions for the primary purpose of preventing livestock theft.

Credit is non-transferable and cannot exceed the taxpayer's total tax liability in any given year.