Income tax; creating the Health Care Sharing Ministry Tax Parity Act; providing income tax deduction. Effective date.

Summary

The bill lets Oklahoma residents who belong to a qualified health care sharing ministry deduct their membership and related expenses from state taxable income starting in 2027. It also makes any money they receive from the ministry non‑taxable, provided they don’t also claim a deduction. The measure aims to put these ministries on tax parity with traditional insurance.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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