An Act relating to income tax; defining terms; providing credit for eligible dependent children; stipulating credit amount; limiting credit amount; prohibiting refundability of credit; authorizing the carry forward of credit; prescribing procedures for claiming credit; requiring the Oklahoma Tax Commission to prescribe form; providing for codification; and providing an effective date.
One Reply to “SB 309 (2025)”
SB 309 establishes a tax credit for married families with dependent biological children, increasing in value based on the length of the marriage. The credit caps at $2,000 per child for couples married 15 years or longer, with a maximum annual benefit of $10,000 per year for joint filers.
The credit applies only to married couples with biological children from the marriage, excluding single parents (including divorced and widowed individuals), parents raising a child alone, family members raising children (such as grandparents), and LGBTQ+ couples.
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