Form 563 - Research And Development New Jobs Credit - 2011 Page 3

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2011 Form 563 - Page 3
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 OS Sec. 54006 and Rule 710:50-15-105
Allowable Credit and Carryover
Column 5: The credit is $500 for each new qualified employee hired on or after July 1, 2012, but not to exceed fifty new
employees. Multiply the number in Column 4 by $500; this is the amount of the allowable credit.
Column 6: Enter the amount of credit used this tax year. Enter here and on the applicable line of Form 511CR.
Column 7: Enter the amount of credit not used this tax year. Unused credits may be carried over (in order) to each of the
four years following the year of qualification and to the extent not used in those initial four years in order to
each of the following five years.
Notice
Effective July 1, 2011.
Tax credits transferred or allocated must be reported on Oklahoma Tax Commission Form 569. Failure to file Form 569
will result in the affected credits being denied by the Oklahoma Tax Commission pursuant to 68 OS Sec. 2357.1A-2.

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