SB 736
Income tax; creating the Health Care Sharing Ministry Tax Parity Act; stating certain deduction and procedures; requiring Oklahoma Tax Commission to create forms and guidelines. Effective date.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill aims to create tax parity for health care sharing ministries in Oklahoma. It proposes allowing deductions for contributions made to these ministries and establishes procedures for how they are treated for tax purposes. The Oklahoma Tax Commission is tasked with developing forms and guidelines to implement these changes. The bill was amended and passed by the Senate Revenue and Taxation Committee.
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