Oklahoma Fixture Co. v. Oklahoma Tax Commission

REIF, Judge.

¶ 1 This appeal concerns the meaning of the term “full-time-equivalent employees engaged in manufacturing” for “jobs tax credits” under 68 O.S.1991 § 2357.4. Subsection A of § 2357.4 provides a tax credit “for a net increase in the number of full-time-equivalent employees engaged in manufacturing.” Subsection C of § 2357.4 specifies the manner to calculate the credit: “The number of new employees shall be determined by comparing the monthly average number of full-time employees subject to Oklahoma income tax withholding for the final quarter of the taxable year with the…