Bill > HB2011

This bill introduces the "Fighting Chance for Firefighters Act," which establishes a tax credit to help firefighters offset unreimbursed medical costs related to cancer screenings. The bill defines key terms, including "cancer" (which encompasses various types of cancer with higher risks for firefighters), "firefighter" (as a person trained in fire prevention and control), and "unreimbursed cost" (medical expenses not fully covered by health insurance). Starting in tax year 2026, firefighters can claim a tax credit of up to $250 per year for medical procedures to detect cancer. The credit cannot reduce a taxpayer's income tax liability below zero and can be carried forward for up to five subsequent tax years. To manage the overall fiscal impact, the bill limits the total annual credits to $1.5 million, with the Oklahoma Tax Commission responsible for calculating and publishing an annual percentage adjustment if total credits exceed this threshold. The bill will become effective on November 1, 2025, providing a financial support mechanism to help firefighters access important cancer screening services.

Budget and Finance, Business and Industry

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2011&Session=2500