OK HB2091

Allows individuals to claim a refundable income tax credit for rent paid on their primary residence beginning with taxable year 2026.

Credit amount set at $110.00 for tax year 2026 and adjusted annually based on the Consumer Price Index for All Urban Consumers (CPI-U) published by the Bureau of Labor Statistics.

Oklahoma Tax Commission must provide a form requiring claimants to provide their address, landlord name, required monthly rent amount, and total rent paid during the tax year.

Credit is refundable, meaning taxpayers can receive the full amount even if it exceeds their tax liability.

Effective date is November 1, 2025.