OK HB2645

Creates an income tax credit up to $20,000 per year for medical doctors and osteopathic physicians practicing in rural Oklahoma areas, effective for tax year 2026

Qualifying doctors must be Oklahoma-licensed (on/after January 1, 2024), have graduated from an Oklahoma medical school or completed residency in-state, and live in the same county where they practice

Rural areas defined as municipalities or locations with population under 25,000 that are at least 25 miles from any city exceeding 25,000 residents

Credit may be claimed for up to 5 consecutive taxable years and cannot reduce tax liability below zero

Starting in tax year 2028, total annual credits capped at $1,000,000, with the Oklahoma Tax Commission required to calculate percentage adjustments if claims exceed the cap