Income tax credit; creating the Children's Promise Act; providing credit for contributions to certain charitable organizations. Effective date.

Summary

The Children’s Promise Act lets Oklahoma taxpayers claim a credit equal to their contribution to qualifying charities, up to half of their state income tax bill. Eligible charities must be 501(c)(3) organizations based in Oklahoma that focus on child welfare, adoption, anti‑abortion services, marriage counseling, traditional‑values education, or workforce development for children in state care. The credit is non‑refundable but can be carried forward for five years.

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