OK SB826

Creates income tax credits for taxpayer contributions to qualifying charitable organizations serving low-income households, individuals with chronic illness, or physically disabled individuals, beginning in tax year 2026.

Allows credits of $400 (single/head of household/married filing separately) or $800 (married filing jointly) for contributions to qualifying charitable organizations that spend at least 50% of budget on eligible services.

Allows credits of $500 (single/head of household/married filing separately) or $1,000 (married filing jointly) for contributions to qualifying foster care charitable organizations serving at least 200 qualified individuals annually.

Prohibits refundability of credits and allows unused credits to be carried forward up to five subsequent tax years; prohibits claiming credit if federal charitable deduction is claimed for same contribution.

Requires organizations to obtain written certification from Oklahoma Tax Commission confirming eligibility; Tax Commission to maintain and publish list of qualifying organizations; effective November 1, 2025.