Bill > HB3760

This bill, known as the Law Enforcement Strategic Support Act, establishes a new income tax credit program in Oklahoma to encourage contributions to qualified law enforcement foundations. A "law enforcement foundation" is defined as a non-profit organization with the sole purpose of supporting a single local law enforcement unit, such as a sheriff's office or municipal police department, and recognized by that unit. These foundations must use contributions for specific "qualified expenditures," which include salary supplements or training for law enforcement officers, or for equipment purchases and maintenance, and can also cover costs for emergency response teams that combine law enforcement and behavioral health specialists, excluding salaries. The act sets an annual statewide limit of $75 million for these tax credits, with individual foundations capped at receiving $3 million in contributions annually. Taxpayers can receive credits for their contributions, with varying limits based on their filing status, up to a maximum of $10,000 for individuals and married couples filing jointly, or 75% of a corporation's tax liability. The Oklahoma Tax Commission will administer the program, including certifying foundations, managing credit preapproval on a first-come, first-served basis, and maintaining a public website with information on available credits and certified foundations. Foundations must report their financial activities and publish their affiliated law enforcement unit's budget, and contributions can only be used for qualified expenditures. The bill also includes provisions to prevent the misuse of credits, such as prohibiting taxpayers from directing contributions to specific purposes or benefiting directly from them, and requires that the credit cannot be used in conjunction with other tax deductions or exemptions, with any unused credit being carried forward for up to five years. This act is set to become effective on November 1, 2026.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3760&Session=2600