OK SB223

Amends Oklahoma income tax law to allow taxpayers to claim a child tax credit for stillbirths when a certificate of birth resulting in stillbirth is issued under Section 1-318.2 of Title 63.

Credit amount is five percent (5%) of the federal child tax credit that would be allowed under the Internal Revenue Code of 1986 if the child were a dependent and household member.

Credit may only be claimed in the tax year in which the stillbirth occurred and only if the child would otherwise have been a member of the taxpayer's household.

Updates statutory references to the Internal Revenue Code of 1986 by adding "as amended" language throughout the existing child tax credit provisions.

Becomes effective November 1, 2025, and authorizes the Oklahoma Tax Commission to promulgate rules for enforcement.