Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB286 Compare Versions

Only one version of the bill is available at this time.

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53	53	STATE OF OKLAHOMA
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55	55	1st Session of the 60th Legislature (2025)
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57	57	SENATE BILL 286 By: Jett
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63	63	AS INTRODUCED
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65	65	An Act relating to income tax; providing a credit for
66	66	certain pro bono counsel; making credit refundable;
67	67	authorizing the Oklahoma Tax Comm ission to promulgate
68	68	rules and prescribe form for verification; providing
69	69	for codification; and providing an effective date .
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75	75	BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
76	76	SECTION 1. NEW LAW A new section of law to be codified
77	77	in the Oklahoma Statutes as Section 2357.602 of Title 68, unles s
78	78	there is created a duplication in numbering, reads as follows:
79	79	A. For tax year 2026 and subsequent tax years, there shall be
80	80	allowed a credit against the tax imposed pursuant to Section 2355 of
81	81	Title 68 of the Oklahoma Statutes in an amount equal to fifty
82	82	percent (50%) of a reasonable and necessary fee amount approved by
83	83	the court for a licensed attorney that provides pro bono counsel to
84	84	adoptive parents that results in the fil ing of a certificate of
85	85	decree of adoption as provided in Section 7505 -6.6 of Title 10 of
86	86	the Oklahoma Statutes.
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138	138	B. If the credit authorized pursuant to this subsection exceeds
139	139	the tax imposed by Section 2355 of Title 68 of the Oklahoma
140	140	Statutes, the excess amount shall be refunded to the taxpayer.
141	141	C. The Oklahoma Tax Commission may promulgate rules or
142	142	prescribe forms to verify taxpayer qualification for the credit
143	143	provided in this section.
144	144	SECTION 2. This act shall become effective Novem ber 1, 2025.
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146	146	60-1-1561 QD 12/30/2024 11:16:48 PM