OK SB1279

Creates the "Health Care Sharing Ministries Tax Parity Act" allowing Oklahoma residents to deduct membership expenses paid to qualified health care sharing ministries (HCSMs) from adjusted gross income, effective for tax year 2027 and beyond

Exempts from taxable income any amounts received by members from an HCSM to assist with medical expenses, beginning tax year 2027

Defines qualifying HCSMs as 501(c)(3) nonprofit organizations that limit membership to those sharing common ethical or religious beliefs, facilitate voluntary medical expense sharing among members, and are annually audited by independent CPAs

Requires qualified individuals to be Oklahoma residents who have been active HCSM members for at least one month during the tax year to claim the deduction or exemption

Directs the Oklahoma Tax Commission to create prescribed forms for claims and promulgate rules for verifying eligibility, with an effective date of November 1, 2026