OK HB3343

Establishes a minimum foster care maintenance payment of $1,000 per month per child for traditional foster parents, with the Director of the Department of Human Services required to review rates annually and authorized to approve higher amounts

Increases the state income tax deduction for foster care expenses from $5,000 to $7,500 per year, effective for taxable years beginning January 1, 2027

Adds a new limit allowing the foster care tax deduction to be claimed for up to three foster children per year

Requires foster parents to be under contract and providing care for at least six months to qualify for the full deduction, with pro-rata amounts available for shorter periods

Effective date: November 1, 2026