Get State Of Oklahoma Title 68 O

Filling out the State Of Oklahoma Title 68 O form online is an essential step for individuals and businesses looking to claim investment or new jobs credits. This guide provides clear instructions to help you complete the form accurately and efficiently.

Follow the steps to successfully complete your Title 68 O form.

1. Press the ‘Get Form’ button to obtain the Title 68 O form and open it in your preferred editor.
2. Enter the name as shown on the return in the designated field.
3. Provide your Social Security Number in the appropriate section.
4. Select the applicable business structure by checking the corresponding box; options include sole proprietorship, partnership, S-corporation, corporation, or fiduciary.
5. If claiming for a manufacturing facility, include your Manufacturing Sales/Exemption Permit number if applicable.
6. Detail the exact location of the manufacturing facility or web search portal establishment for which the credit is being claimed.
7. Explain the type of manufacturing or activity in which your business is engaged in the description field.
8. For New Jobs Credit, provide the average number of qualified full-time employees engaged in manufacturing for the 4th quarter and base year in their respective sections.
9. Calculate the net increase or decrease in employees and enter it in the specified field.
10. Input the total credit for additional employees, which is calculated by multiplying the new hires by $500 per employee.
11. If applicable, enter the amount invested in qualified depreciable property placed into service during the taxable year, ensuring it meets the minimum of $50,000.
12. Calculate and input the investment credit, which is 1% of the total investment amount.
13. Ensure to indicate if the facility is located in an enterprise zone to qualify for additional credits.
14. Review all entries for accuracy and completeness, then save your changes and options to download, print, or share the form.

Begin your form-filling process online today to take advantage of available tax credits.