Req. No. 121 Page 1 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
STATE OF OKLAHOMA
1st Session of the 58th Legislature (2021)
SENATE BILL 905 By: Bullard
AS INTRODUCED
An Act relating to income tax credit; creating income
tax credit for certain employer s; defining terms;
providing for specified amount o f credit for employer
for verified blood donation by employees under
certain conditions; providing that credit is
nonrefundable; authorizing rulemaking by Oklahoma Tax
Commission; providing for codificatio n; and providing
an effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 2357.406 of Title 68, unless
there is created a duplication in numb ering, reads as follows :
A. As used in this section:
1. "Blood donation" means the voluntary and uncompensated
donation of whole blood, or specific components of blood, by an
employee, drawn for use by a nonprofit blood bank organization as
part of a blood drive ;
2. "Blood drive" means a function held at a specific date and
time which is organized by a nonprofit blood bank organization in
Req. No. 121 Page 2 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
coordination with an employer or group of employers and is closed to
nonemployees;
3. "Employee" means an individual employed by an employer
authorized to claim a credit pursuant to this section;
4. "Employer" means a sole proprietor, general partnership,
limited partnership, limited liability company, corporation or other
legally recognized business entity; and
5. "Verified donation" means a blood donation by an employee ,
made during a blood drive as defined in paragraph 2 of this
subsection, which can be documented by an employer.
B. For tax years 2022 through 2027, an employer shall be
allowed a credit against the tax imposed pursuant to Section 2355 or
2355.1P-4 of Title 68 of the Oklahoma Statutes, for each verified
donation of blood made by an employee as part of a blood drive by an
Oklahoma nonprofit blood donation orga nization.
C. The credit authorized by subsection B of this sectio n shall
be equal to Twenty Dollars ($20.00) for each verified donation.
D. The credit authorized by this section shall not be used to
reduce the tax liability of the taxpayer to less than zero (0).
E. The Oklahoma Tax Commission may determine, by rule,
documentation required to implement this section.
SECTION 2. This act shall become effective November 1, 2021.
58-1-121 QD 1/21/2021 4:36:16 PM