Oklahoma 2025 Regular Session

Oklahoma House Bill HB2610 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	SENATE FLOOR VERSION - HB2610 SFLR Page 1
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	3	+	ENGR. H. B. NO. 2610 Page 1 1
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29		-	SENATE FLOOR VERSION
30		-	April 16, 2025
31		-	AS AMENDED
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33	28		ENGROSSED HOUSE
34	29		BILL NO. 2610 By: Harris and Deck of the
35	30		House
36	31
37	32		and
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39	34		Rader of the Senate
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45	40		[ revenue – taxation – adoption – credit – effective
46	41		date ]
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51	46		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
52	47		SECTION 1. AMENDATORY Section 1, Chapter 341, O.S.L.
53	48		2022 (68 O.S. Supp. 2024, Section 2357.601), is amended to read as
54	49		follows:
55	50		Section 2357.601. A. As used in this section, "nonrecurring
56	51		adoption expenses" means adoption fees, court costs, medical
57	52		expenses, attorney fees, and expenses which are directly related to
58	53		the legal process of adoption of a child including, but not limited
59	54		to, costs relating to the adoption study, health and psychological
60	55		examinations, transportation, and reasonable costs of lodging and
61	56		food for the child or adoptive parents which are incurred to
62	57		complete the adoption process and are not reimbursed by other
63	58		sources. The term nonrecurring adoption expenses shall not include
	59	+	attorney fees incurred for the purpose of litigating a contested
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65		-	SENATE FLOOR VERSION - HB2610 SFLR Page 2
66		-	(Bold face denotes Committee Amendments) 1
	61	+	ENGR. H. B. NO. 2610 Page 2 1
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91		-	attorney fees incurre d for the purpose of litigating a contested
92	86		adoption, from and after the point of the initiation of the contest,
93	87		costs associated with physical remodeling, renovation, and
94	88		alteration of the adoptive parents' home or property, except for a
95	89		special needs child as authorized by the court.
96	90		B. For taxable years beginning on or after January 1, 2023
97	91		2026, there shall be allowed a credit against the tax imposed
98	92		pursuant to Section 2355 of Title 68 of the Oklahoma Statutes for
99	93		nonrecurring adoption expenses paid by a resident individual
100	94		taxpayer in connection with:
101	95		1. The adoption of a minor; or
102	96		2. A proposed adoption of a minor which did not result in a
103	97		decreed adoption.
104	98		C. The amount of the tax credit authorized by this section
105	99		shall be equal to ten percent (10%) fifteen percent (15%) of the
106	100		qualified expenses but the credit amount shall not exceed Two
107	101		Thousand Dollars ($2,000.00) Three Thousand Dollars ($3,000.00) per
108	102		calendar year with respect to single filing status or married filing
109	103		separate income tax returns and shall not exceed Four Thousand
110	104		Dollars ($4,000.00) Six Thousand Dollars ($6,000.00) per calendar
111	105		year with respect to married filing joint return filing status.
112	106		D. The Oklahoma Tax Commission shall promulgate rules to
113	107		implement the provisions of this section which shall contain a
114	108		specific list of nonrecurring adoption expenses which may be
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116		-	SENATE FLOOR VERSION - HB2610 SFLR Page 3
117		-	(Bold face denotes Committee Amendments) 1
	110	+	ENGR. H. B. NO. 2610 Page 3 1
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142	135		presumed to qualify for the tax credit. The Tax Commission shall
143	136		prescribe necessary requirements for verification.
144	137		SECTION 2. This act shall become effective January 1, 2026.
145		-	COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS
146		-	April 16, 2025 - DO PASS
	138	+	Passed the House of Representatives the 12th day of March, 2025.
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	143	+	Presiding Officer of the House
	144	+	of Representatives
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	148	+	Passed the Senate the ___ day of __________, 2025.
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	153	+	Presiding Officer of the Senate