Income tax; creating the Health Care Sharing Ministries Tax Parity Act; providing deduction for certain expenditures. Effective date.

Summary

The bill lets Oklahoma residents who belong to approved health care sharing ministries deduct their membership and administrative fees from state income tax and exempts any qualified medical share they receive from taxable income. It applies to tax years beginning in 2027 and requires claims on a form the Oklahoma Tax Commission will develop. The measure seeks to give these faith‑based expense‑sharing groups the same tax treatment as traditional insurance.

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