OK SB1153

Amends 68 O.S. 2011, Section 2357.27 to limit the tax credit for child care facility expenses to tax years beginning after December 31, 1998 and ending before January 1, 2017

Allows a 20% income tax credit against Section 2355 taxes for eligible expenses incurred by entities primarily engaged in child care services to comply with national accrediting association standards

Defines "eligible expenses" as amounts paid for compliance with national accreditation standards that would not have been required under Oklahoma's Child Care Facilities Licensing Act

Permits unused credits to be carried over to each of the four tax years following the year of qualification

Effective date: November 1, 2014