OK
Oklahoma Senate Bill SB104

Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB104

Introduced
2/3/25  

Caption

Income tax; providing credit for certain child care expenses and child care workers. Effective date.

Impact

The passage of SB 104 is expected to have a significant impact on state laws related to healthcare accessibility and insurance regulations. By enhancing subsidies and modifying coverage requirements, the bill seeks to reduce the number of uninsured residents and improve overall public health outcomes. It would also mandate regular assessments of the healthcare marketplace to ensure that prices do not skyrocket and that coverage remains adequate and fair. This would mark a shift towards more proactive state involvement in healthcare, aiming to curb the issues stemming from market tendencies to prioritize profit over patient care.

Summary

Senate Bill 104, known as the Healthcare Affordability and Accessibility Act, is aimed at reforming the state's healthcare policies to improve access to medical services for residents. The bill introduces several key provisions, including expanding coverage options, increasing subsidies for low-income families, and imposing stricter regulations on insurance companies to prevent discriminatory practices. Supporters argue that these changes will help address the rising costs of healthcare, making it more affordable and equitable for all citizens, particularly those in underserved communities.

Contention

Despite its supportive base, SB 104 has encountered notable opposition mainly from conservative lawmakers and certain business groups, who argue that the bill may lead to increased taxes or overly burdensome regulations on insurance providers. Critics claim that such changes could stifle economic growth within the state by putting additional financial pressures on businesses, particularly smaller healthcare providers who may struggle to adapt to the new requirements. Furthermore, this has raised concerns regarding the long-term sustainability of the state's healthcare funding and the potential for government overreach into the healthcare industry.

Companion Bills

No companion bills found.

Previously Filed As

OK SB1063

Income tax; providing credit for providing certain child care services. Effective date.

OK SB1063

Income tax; providing credit for providing certain child care services. Effective date.

OK SB1496

Income tax; providing an income tax credit for eligible expenses incurred for a child care business; defining expenses; providing credit amount; authorizing carry forward of credit. Effective date.

OK HB2451

Revenue and taxation; income tax credit; qualified employer child care expense; definitions; carryover; fiscal year cap; child care workers; income tax credit; refundability; sunset; effective date.

OK HB2451

Revenue and taxation; income tax credit; qualified employer child care expense; definitions; carryover; fiscal year cap; child care workers; income tax credit; refundability; sunset; effective date.

OK HB4147

Revenue and taxation; income tax credit; childcare; employer; qualified childcare worker; effective date.

OK SB971

Income tax; providing credit for certain school choice and qualifying educational expenses. Effective date.

OK SB971

Income tax; providing credit for certain school choice and qualifying educational expenses. Effective date.

OK SB577

Income tax credit; creating the Caring for Caregivers Act; authorizing tax credit for care and support expenditures; limiting annual credit. Effective date.

OK SB577

Income tax credit; creating the Caring for Caregivers Act; authorizing tax credit for care and support expenditures; limiting annual credit. Effective date.

Similar Bills

No similar bills found.