Bill > SB223

This bill amends Oklahoma's income tax law to allow parents who have experienced a stillbirth to claim a child tax credit in the tax year the stillbirth certificate is issued. Specifically, for tax years 2026 and beyond, parents may claim a credit equal to 5% of the child tax credit that would be allowed under the federal Internal Revenue Code if the child had been a dependent. The credit can only be claimed in the tax year of the stillbirth and is subject to the same income limitations as the existing child tax credit (which cannot be claimed by taxpayers with a federal adjusted gross income over $100,000). The Oklahoma Tax Commission is authorized to create rules to implement this provision, which aims to provide some financial support to families experiencing the loss of a child before birth. The bill will become effective on November 1, 2025, giving time for administrative preparation and public awareness.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb223&Session=2500