SB 1394·OK·senate
Income tax credit; providing credit equal to OHFA down payment and closing cost assistance. Effective date.
In CommitteeFiled Feb 2, 2026
Sponsor: Kirt
Latest Action
Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee
Feb 3, 2026
Summary
The bill adds a tax credit for individuals who get down‑payment or closing‑cost help from the Oklahoma Increased Housing Program. The credit equals the amount of assistance received and any excess over the tax owed is refunded. It takes effect for tax year 2027 and later.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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