HB 1448 Summary

• Enacts the "Health Care Sharing Ministries Tax Parity Act" to provide tax exemption for health care sharing ministry benefits received by individuals.

• Exempts from Oklahoma taxable income any amounts an individual received as a member of a health care sharing ministry and any amounts the individual's employer paid on the individual's behalf for health care sharing ministry membership.

• Defines "health care sharing ministry" as a health care cost-sharing arrangement among persons of the same religion based on their sincerely held religious beliefs, administered by a not-for-profit religious organization.

• Effective date: January 1, 2016.