Employers incurring expenses to provide accredited child care programs for children of their employees may be allowed a credit. If the credit is allowed, the eligible expenses upon which the credit is based must be added back to Oklahoma taxable income. Enclose a schedule of eligible expenses and the computation of the credit.
The business providing childcare services that was established in a prior year but was not used due to limitations this credit may be carried over. This credit can be carried over no more than four years.