Loading chat...
OK SB106
Bill
AI Summary
-
Provides employers a tax credit equal to 30% of payments made toward employee student loan debt, effective for tax year 2026 and subsequent years.
-
Credit cannot reduce income tax liability below zero and is non-refundable.
-
Unused credit amounts may be carried forward to each of the 10 subsequent tax years.
-
Credit must be claimed on a form prescribed by the Oklahoma Tax Commission, which may require supporting documentation.
-
Act becomes effective November 1, 2025.
Legislative Description
Income tax; providing credit for employers who make payments on student loan debt of employees. Effective date.
Last Action
Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee
2/4/2025
Committee Referrals
Revenue and Taxation2/4/2025
Full Bill Text
No bill text available