OK SB367

Amends Oklahoma's earned income tax credit (EITC) to equal 5% of the federal EITC allowed under 26 U.S.C. Section 32

For tax years 2022 through 2025, the credit is computed using the same requirements as the 2020 federal income tax year

For tax years 2002 through 2021 and tax year 2026 onward, the credit is calculated based on the federal EITC for the applicable tax year

Makes the credit refundable for tax years 2002-2015 and 2022 onward, meaning excess credit amounts beyond tax liability are refunded to taxpayers

Effective date: November 1, 2025