HB 1333 Summary

• Establishes a tax credit against income tax (Section 2355, Title 68) for employers who obtain a certificate from the Safety Pays OSHA Consultation Service provided by the Oklahoma Department of Labor.

• Tax credit amount equals total monies spent by the employer on safety and health improvements recommended by the Department of Labor.

• Limits eligibility to one-time use only and requires employers to complete the entire program without any lapse in participation.

• Prohibits employers from claiming both this credit and the exemption provided in paragraph 9 of Section 2358 for the same activity.

• Allows unused credits to be carried forward against subsequent income tax liability for up to five years; effective January 1, 2014.