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OK HB1919

Bill

Official Source

Status

Passed

5/24/2013

Primary Sponsor

Tahrohon Shannon

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Authorizes an income tax deduction for taxpayers who contract with a child-placing agency to provide foster care, effective for taxable years beginning after December 31, 2013.

  • Allows a maximum deduction of $2,500 for single persons or $5,000 for married persons filing jointly for foster care expenses.

  • Requires the deduction be claimed only by taxpayers contracting with a child-placing agency as defined in Section 402 of Title 10 of the Oklahoma Statutes.

  • Effective date is January 1, 2014.

Legislative Description

Revenue and taxation; income tax deduction; foster children; effective date.

Revenue and Taxation

Last Action

Approved by Governor 05/29/2013

5/24/2013

Committee Referrals

Finance3/21/2013
Appropriations and Budget2/5/2013

Full Bill Text

No bill text available