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Oklahoma Reporting Form for the Transfer or Allocation of a Tax Credit
Extracted from PDF file 2023-oklahoma-form-569.pdf, last modified September 2011Reporting Form for the Transfer or Allocation of a Tax Credit
Reporting Form for the Transfer or Allocation of a Tax Credit Part 1 – General Information Tax Year: AMENDED REPORT! Place an ‘X’ here if this is an Amended Report: FORM State Of Oklahoma 569 Revised 2023 FEIN or SSN: Name of Person/Entity Transferring or Allocating a Credit: Address: City, State and ZIP: SELECT ONE: Phone Number: Individual Partnership S-Corporation Corporation Fiduciary Limited Liability Company SELECT ONE: 1. You are filing this report as the person/entity who originally generated the credit. -or2. You are filing this report as the person/entity to whom a credit was transferred or allocated and who is transferring or allocating any portion of such credit to another person. If you selected Number 2, enter the Name and FEIN/SSN of the person who transferred or allocated the credit to you. Name: _______________________________________________ FEIN/SSN: ______________________ Part 2 – Credit Information 1. Name of credit from page 4: _________________________________________________________________ 2. Enter the line number of this credit from page 4: __________________________________________________ 3. Amount of credit: $_________________________________________________________________________ Part 3 – Complete if any portion of the credit was transferred Enter the Transferee Name FEIN/SSN Transfer Date $ Amount of Credit Transferred 1) 2) 3) 4) 5) 6) 7) 8) 9) Total from Supplemental Schedule 10) Total amount of credit that was transferred (add Part 3 lines 1 - 9) (For allocated credits, complete Part 4 on page 2) Under penalty of perjury, I declare I have examined this return, and to the best of my knowledge and belief it is true, correct and complete. Signature Date Phone Number Check this box if the Oklahoma Tax Commission may discuss this report with your tax preparer. Signature of Preparer Date Preparer Phone Number The Oklahoma Tax Commission is not required to give actual notice to taxpayer of changes in any state tax law. Form 569 - Page 2 Reporting Form for the Transfer or Allocation of a Tax Credit (68 OS Sec. 2357.1A-2) Part 4 – Complete if any portion of the credit was allocated Name of Shareholder, Partner or Member FEIN/SSN 1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) 13) 14) 15) 16) 17) 18) 19) 20) 21) 22) 23) 24) 25) 26) 27) 28) 29) 30) 31) 32) 33) Total from Supplemental Schedule 34) Total amount of credit that was allocated (add Part 4 lines 1 - 33) $ Amount of Credit Allocated “X” if a PTE Form 569 - Page 3 Reporting Form for the Transfer or Allocation of a Tax Credit 68 OS Sec. 2357.1A-2 and Rule 710:50-3-55 Reporting Requirements Complete Form 569 to report any tax credit, authorized to be claimed under Title 68 of the Oklahoma Statutes, that has been transferred or allocated on or after July 1, 2011. The form shall be filed with the Oklahoma Tax Commission on or before the 20th day of the second month after the tax year in which an act occurs that allows the tax credit to eventually be claimed. If a taxpayer claims a credit on any state tax return that was not previously reported on this form, such credit will be disallowed. Upon the filing of the required Form(s) 569, the credit will be allowed. Amended Report If you are amending Form 569, place an ‘X’ in the Amended Report box. The amended report will supersede the original report in its entirety. Please fill out the form completely, do not provide just supplemental information. Part 1 – General Information Tax Year: • Enter the tax year in which the credit was generated if you are the person who originally generated the credit. • Enter the tax year the credit was transferred or allocated to you if you transferred or allocated any portion of a credit previously transferred or allocated to you. Part 2 – Credit Information (when completing Part 2, refer to credits that are allocable or transferable listed on pages 4 and 5) 1. Enter the name of the credit as shown on page 4. 2. Enter the line number from page 4 that corresponds to this credit. 3. Enter the amount of the credit that has been allocated and/or transferred to another person. This amount should equal the total reported in Parts 3 and 4. Part 3 – To be completed by a transferor who has transferred a credit List the name, federal identification number, date of transfer and amount of credit that was transferred to each transferee. If additional rows are needed, attach a Supplemental Schedule using the same format as Part 3 and carry the total from the schedule to line 9. Part 4 – To be completed by a pass-through entity that has allocated a credit List the name, federal identification number and amount of credit that was allocated to each shareholder, partner or member. Place an ‘X’ in the column if the shareholder, partner or member is itself a pass-through entity (PTE). If additional rows are needed, attach a Supplemental Schedule using the same format as Part 4 and carry the total from the schedule to line 33. This form may be filed electronically. To access this form visit tax.ok.gov. If not filing electronically - Mail this form, including any Supplemental Schedules, to: Oklahoma Tax Commission PO Box 26800 Oklahoma City, OK 73126-0800 Form 569 - Page 4 Reporting Form for the Transfer or Allocation of a Tax Credit 68 OS Sec. 2357.1A-2 and Rule 710:50-3-55 Name of Credits that are Allocable or Transferable Allocable / Transferable 1 Oklahoma Investment/New Jobs Credit Allocable 2 Credit for Verified Blood Donation Allocable 3 Credit for Investment in a Clean-Burning Motor Vehicle Fuel Property Allocable 4 Small Business Capital Credit (For tax years beginning before January 1, 2012) Allocable 5 Credit for Venture Capital Investment Allocable (Transferable for 3 years) 6 Credit for Tourism Development or Qualified Media Production Facility (Effective January 1, 2014 the credit was repealed) Allocable 7 Oklahoma Local Development and Enterprise Zone Incentive Leverage Act (Effective January 1, 2014 the credit was repealed) Allocable Credit for Qualified Rehabilitation Expenditures Allocable Transferable Credit for Electricity Generated by Zero-Emission Facilities (Credits earned on or after Allocable January 1, 2014 may not be transferred. With respect to electricity generated by wind, the facility must be placed in operation no later than July 1, 2017.) Transferable 8 9 Transferable 10 Credit for Financial Institutions Making Loans under the Rural Economic Development Loan Act Allocable (For tax years beginning before January 1, 2017) 11 Credit for Railroad Modernization Allocable 12 Credit for Biomedical Research Contribution Allocable 13 Credits for Employers in the Aerospace Sector Allocable 14 Credit for Cancer Research Contribution Allocable 15 Oklahoma Capital Investment Board Tax Credit Allocable 16 Credit for Contributions to a Scholarship-Granting Organization Allocable 17 Credit for Contributions to an Educational Improvement Grant Organization Allocable 18 Oklahoma Affordable Housing Tax Credit Allocable 19 Credits for Employers in the Vehicle Manufacturing Industry Allocable 20 Credit for Oklahoma Rural Jobs Allocable 21 Credit for Contributions to an Eligible Public School Foundation or Public School District Allocable 22 Credit for Strategic Industrial Development Enhancement (SIDE) Projects * Allocable Transferable Transferable *The credits allowed that are not used may be assigned to a qualifying project affiliate by written agreement at any time during the five years following the tax year the qualified expenditures are incurred. 68 OS Sec. 2357.105.
2023 Form 569 Reporting Form for the Transfer or Allocation of a Tax Credit
More about the Oklahoma Form 569 Corporate Income Tax Tax Credit TY 2023
We last updated the Reporting Form for the Transfer or Allocation of a Tax Credit in January 2024, so this is the latest version of Form 569, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 569 directly from TaxFormFinder. You can print other Oklahoma tax forms here.
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TaxFormFinder has an additional 54 Oklahoma income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 564 | Credit for Employees in the Aerospace Sector (you will also need Form 511CR) |
| Form 500-A | Information Return |
| Form 500B | Information Return - Report of Nonresident Member Income Tax Withheld |
| Form 501 | Annual Information Return (reconciliation for Forms 500, 500A and 500B) |
| Form 576 | Natural Disaster Tax Credit |
View all 55 Oklahoma Income Tax Forms
Form Sources:
Oklahoma usually releases forms for the current tax year between January and April. We last updated Oklahoma Form 569 from the Tax Commission in January 2024.
Form 569 is an Oklahoma Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Oklahoma Form 569
We have a total of twelve past-year versions of Form 569 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 569
2023 Form 569 Reporting Form for the Transfer or Allocation of a Tax Credit
2022 Form 569
2022 Form 569 Reporting Form for the Transfer or Allocation of a Tax Credit
2021 Form 569
2021 Form 569 Reporting Form for the Transfer or Allocation of a Tax Credit
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