Form 563 - Research And Development New Jobs Credit - 2011 Page 2
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32011 Form 563 - Page 2
Research and Development New Jobs Credit Established in Tax Year 2011
(for employers whose 2011 Fiscal Year ends on or after July 1, 2012)
Instructions
68 Oklahoma Statutes (OS) Sec. 54006 and Rule 710:50-15-105
Tax Credit Moratorium
No credit may be claimed for jobs created during the period of July 1, 2010 through June 30, 2012, for which the credit
would otherwise be allowable. This credit may be claimed for tax year 2012 and subsequent tax years, for new jobs cre-
ated on or after July 1, 2012.
General
Taxpayers who may claim the credit are Individuals (including the pass-through credit from Partnerships and S
Corporations), Partnerships, Fiduciaries, Corporations and S Corporations. When this credit is claimed as a pass-through
from a partnership or S corporation, Form 563 must have the name of the Partnership or S Corporation entered in the
space provided at the top of the Form.
New Jobs Credit
There shall be allowed a credit for a net increase in the number of full-time-equivalent employees engaged in computer
services or data processing as defined under Industrial Group Numbers 7372, 7373, 7374 and 7375 -or- in research and
development as defined under Industrial Group Numbers 8731, 8732, 8733 and 8734 of the SIC Manual, latest revision.
Entities primarily engaged in computer services and data processing (as defined under Industrial Group Number 7374
of the SIC Manual [latest revision]) must also have a minimum of $100,000 in purchases of computers; data processing
equipment; related peripherals; telephone, telegraph, or telecommunication services or telecommunication equipment. All
qualified entities must derive 50% of revenues from out-of-state buyers or consumers. All qualified entities must annually
file an affidavit with the Oklahoma Tax Commission stating the business so qualifies.
For Column 1 and Column 2, “full-time employee” refers to job positions that pay at least $35,000 annually and in which
someone is employed during the final quarter, regardless of whether the person occupying the job position has actually
earned $35,000.
No employee may be included in Column 1 or 2, who is not actually engaged in computer services, data processing,
research and development, or the support thereof. Employees engaged in administrative, legal, accounting, clerical,
sales, delivery, housekeeping and yard upkeep are not generally considered support personnel and may not be included.
Do not include the existing employee positions of any business enterprise that is directly or beneficially owned by a
corporation, trust, joint venture, proprietorship, or partnership doing business in Oklahoma as of January 1, 2005.
Column 1: Enter the average number of qualified full-time employees who were employed in the State of Oklahoma
during the 4th quarter and during the taxable year received at least $35,000 in wages or salary subject to
Oklahoma income tax withholding. The 4th quarter is generally defined as the last quarter of your taxable
year.
Column 2: Enter the average number of qualified full-time employees who were employed in the State of Oklahoma
during the 4th quarter and during the base year received at least $35,000 in wages or salary subject to
Oklahoma income tax withholding. The base year is the preceding taxable year before the increase in
employees.
Column 3: Net increase or decrease in employees. Subtract Column 2 from Column 1, but do not include any
employee hired during the moratorium. The credit, once established, is also allowed in each of the eight
subsequent years if the level of new employees is maintained. For subsequent tax years, Column 3 is limited
to the number of new employees in Column 3 of the initial tax year. Enclose a schedule showing the
computation of the employee count for all Columns. Include name, social security number, brief job
description, annual wages for each employee and date hired.
Column 4: Enter the lesser of the number in Column 3 or the number 50. The credit cannot be based on more than fifty
new employees.
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