Oklahoma 2024 Regular Session

Oklahoma House Bill HB1788 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	ENGR. H. B. NO. 1788 Page 1 1
	3	+	HB1788 HFLR Page 1
	4	+	BOLD FACE denotes Committee Amendments. 1
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28		-	ENGROSSED HOUSE
29		-	BILL NO. 1788 By: Maynard, Williams, Boles,
	29	+	HOUSE OF REPRESENTATIVES - FLOOR VERSION
	30	+
	31	+	STATE OF OKLAHOMA
	32	+
	33	+	2nd Session of the 59th Legislature (2024)
	34	+
	35	+	COMMITTEE SUBSTITUTE
	36	+	FOR
	37	+	HOUSE BILL NO. 1788 By: Maynard, Williams, Boles,
30	38		and Kendrix of the House
31	39
32	40		and
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34	42		Bullard of the Senate
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	47	+
	48	+
	49	+	COMMITTEE SUBSTITUTE
39	50
40	51		[ revenue and tax – terms - contributions – centers –
41	52		Oklahoma Department of Human Serv ices –
42	53		contributions – information – Oklahoma Tax
43	54		Commission – cap – formula – codification –
44	55		effective date ]
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49	60		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
50	61		SECTION 1. NEW LAW A new section of law to be codified
51	62		in the Oklahoma Statutes as Secti on 2357.701 of Title 68, unless
52	63		there is created a duplication in numbering, reads as follows:
53	64		A. As used in this section:
54		-	1. "Contribution" means a donation of cash, stock, bonds, or
55		-	other marketable securities, or real property ;
56		-	2. "Director" means the director of the Oklahoma Department of
57		-	Human Services;
58		-	3. "Pregnancy resource center " means a nonresidential facility
59		-	located in this state:
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61		-	ENGR. H. B. NO. 1788 Page 2 1
	66	+	HB1788 HFLR Page 2
	67	+	BOLD FACE denotes Committee Amendments. 1
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	92	+	1. "Contribution" means a donation of cash, stock, bonds, or
	93	+	other marketable securities, or real property ;
	94	+	2. "Director" means the director of the Oklahoma Department of
	95	+	Human Services;
	96	+	3. "Pregnancy resource center " means a nonresidential facility
	97	+	located in this state:
86	98		a. established and operating primarily to provide
87	99		assistance to women and families with crisis
88	100		pregnancies or unplanned pregnancies by offering
89	101		pregnancy testing, counseling, emotional and material
90	102		support, and other similar services or by off ering
91	103		services, such as:
92	104		(1) prenatal care,
93	105		(2) medical and mental health care ,
94	106		(3) parenting skills,
95	107		(4) drug and alcohol testing and treatment,
96	108		(5) child care, and newborn and infant care ,
97	109		(6) housing and utilities,
98	110		(7) educational services,
99	111		(8) food, clothing, and supplies relating to
100	112		pregnancy, newborn care, and parenting ,
101	113		(9) adoption assistance,
102	114		(10) job training and placement,
103	115		(11) establishing and promoting responsible paternity ,
104		-	(12) ultrasound services,
105		-	(13) case management,
106		-	(14) domestic abuse protection, and
107		-	(15) transportation,
108		-	to encourage and assist such women and families in carrying
109		-	their pregnancies to term,
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111		-	ENGR. H. B. NO. 1788 Page 3 1
	117	+	HB1788 HFLR Page 3
	118	+	BOLD FACE denotes Committee Amendments. 1
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	143	+	(12) ultrasound services,
	144	+	(13) case management,
	145	+	(14) domestic abuse protection, and
	146	+	(15) transportation,
	147	+	to encourage and assist such women and families in carrying
	148	+	their pregnancies to term,
136	149		b. where childbirths are not performed ,
137	150		c. which does not perform, induce, or refer for abortions
138	151		and which does not hold itself out a s performing,
139	152		inducing, or referring for abortions,
140	153		d. which provides direct client servi ces at the facility,
141	154		as opposed to merely providing counseling or referral
142	155		services by telephone ,
143	156		e. which provides its services at no cost to its clients ,
144	157		f. when providing medical services, such medical services
145	158		must be performed in acc ordance with Oklahoma Statute,
146	159		and
147	160		g. which is exempt from income taxation pursuant to the
148	161		Internal Revenue Code ; and
149	162		4. "Taxpayer" means a person, firm , a partner in a firm,
150	163		corporation, or a shareholder in an S corporation doing business in
151	164		the state and subject to the tax imposed by Section 2355 of Title 68
152	165		of the Oklahoma Statutes or an insurance company subject to the tax
153	166		imposed by Section 624 or 628 of Title 36 of the Oklahoma St atutes
154		-	or other financial instit ution subject to the tax imposed by Section
155		-	2370 of Title 68 of the Oklahoma Statutes .
156		-	B. For taxable years beginning after December 31, 2023, and
157		-	beginning not later than January 1, 2029, there shall be allowed a
158		-	credit against the tax imposed pursuant to Section 2355 of Title 68
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160		-	ENGR. H. B. NO. 1788 Page 4 1
	168	+	HB1788 HFLR Page 4
	169	+	BOLD FACE denotes Committee Amendments. 1
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	194	+	or other financial instit ution subject to the tax imposed by Section
	195	+	2370 of Title 68 of the Oklahoma Statutes .
	196	+	B. For taxable years beginning after December 31, 2023, and
	197	+	beginning not later than January 1, 2029, there shall be allowed a
	198	+	credit against the tax imposed pursuant to Section 2355 of Title 68
185	199		of the Oklahoma Statutes in the amount of seventy percent (70%) of
186	200		the amount a taxpayer contributed to a pregnancy resource center.
187	201		C. A taxpayer shall not be allowed to claim a tax credit in
188	202		excess of Fifty Thousand Dollars ($50 ,000.00) per taxable year.
189	203		However, any tax credit that cannot be claimed in the taxable year
190	204		the contribution was made may be claimed in the next succeeding
191	205		taxable year.
192	206		D. The credit authorized pursuant to the provisi ons of this
193	207		section may not be used to reduce the tax liability of the taxpayer
194	208		to less than zero (0). The credit authorized pursuant to the
195	209		provisions of this sect ion may not be assigned, transferred, or
196	210		sold.
197	211		E. Except for any excess credit which is ca rried over pursuant
198	212		to subsection C of this section, a taxpayer shall not be allowed to
199	213		claim a tax credit unless the total amount of such taxpayer 's
200	214		contribution or contributions to a pregnancy resource center or
201	215		centers in a taxable year has a value of at least One Hundred
202	216		Dollars ($100.00).
203		-	F. The Director shall determine, at least annuall y, which
204		-	facilities in this state ma y be classified as pregnancy resource
205		-	centers. The Director may require of a facility seeking to be
206		-	classified as a pregnancy reso urce center whatever information wh ich
207		-	is reasonably necessary to make such a determinati on. The Director
208		-	shall classify a facility as a pregnancy resource center if such
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210		-	ENGR. H. B. NO. 1788 Page 5 1
	218	+	HB1788 HFLR Page 5
	219	+	BOLD FACE denotes Committee Amendments. 1
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	244	+	F. The Director shall determine, at least annuall y, which
	245	+	facilities in this state ma y be classified as pregnancy resource
	246	+	centers. The Director may require of a facility seeking to be
	247	+	classified as a pregnancy reso urce center whatever information wh ich
	248	+	is reasonably necessary to make such a determinati on. The Director
	249	+	shall classify a facility as a pregnancy resource center if such
235	250		facility meets the definition set forth in subsection A of this
236	251		section. The Director shall establish a procedure by w hich a
237	252		taxpayer can determine if a facility has been c lassified as a
238	253		pregnancy resource ce nter.
239	254		G. Pregnancy resource centers shall be permitted to decline a
240	255		contribution from a taxpayer.
241	256		H. Each pregnancy resource ce nter shall provide information to
242	257		the Director concerning the identity of each taxpayer mak ing a
243	258		contribution to the pregnancy resource center who is claiming a tax
244	259		credit pursuant to this section and the amount of the contribution.
245	260		The Director shall provide the information to the Oklahoma Tax
246	261		Commission. The Director shall be subject to the confidentiality
247	262		and penalty provisio ns of Section 205 of Title 68 of the Oklahoma
248	263		Statutes relating to the disclosure of tax information.
249	264		I. For the tax year beginnin g January 1, 2024, and each tax
250	265		year thereafter, the total amount of credits authorized by this
251	266		section used to offset tax sh all be adjusted annually to limit the
252	267		annual amount of credits to Five Million Dollars ($5,000,000.00) .
253		-	The Tax Commission shall a nnually calculate and publish by th e first
254		-	day of the affected year a percentage by which the credits
255		-	authorized by this sect ion shall be reduced so the total amount of
256		-	credits used to offset tax does not exceed Five Million Dol lars
257		-	($5,000,000.00) per yea r. The formula to be used for the percentage
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259		-	ENGR. H. B. NO. 1788 Page 6 1
	269	+	HB1788 HFLR Page 6
	270	+	BOLD FACE denotes Committee Amendments. 1
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	295	+	The Tax Commission shall a nnually calculate and publish by th e first
	296	+	day of the affected year a percentage by which the credits
	297	+	authorized by this sect ion shall be reduced so the total amount of
	298	+	credits used to offset tax does not exceed Five Million Dol lars
	299	+	($5,000,000.00) per yea r. The formula to be used for the percentage
284	300		adjustment shall be Five Million Dollars ($5,000,000.00) divided by
285	301		the credits claimed in the second preceding year.
286	302		J. In the event the total tax credits authorized by this
287	303		section exceed Five Million Dollar s ($5,000,000.00) in any calendar
288	304		year, the Tax Commission shall permit any excess over Five Million
289	305		Dollars ($5,000,000.00) but shall factor such excess into the
290	306		percentage adjustment formula for subsequent years.
291	307		SECTION 2. This act shall become effective January 1 , 2024.
292		-	Passed the House of Representatives the 6th day of March, 2024.
293	308
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296		-
297		-	Presiding Officer of the House
298		-	of Representatives
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302		-	Passed the Senate the ___ day of __________, 2024.
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307		-	Presiding Officer of the Senate
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309		-
	309	+	COMMITTEE REPORT BY: COMMITTEE ON APPR OPRIATIONS AND BUDGET , dated
	310	+	02/29/2024 - DO PASS, As Amended and Coauthored.