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SB 367

Income tax; modifying calculation of the Oklahoma earned income tax credit. Effective date.

2025 Regular Session Introduced by Mary Boren and 1 co-sponsor

SB 367 amends Oklahoma's earned income tax credit calculation methodology, potentially affecting take-home pay for low- to moderate-income working families statewide.

Coauthored by Representative Ranson (principal House author)
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WeVote Research Nonpartisan
Bill Summary · SB 367

Legislative bill overview

SB 367 modifies how Oklahoma calculates its earned income tax credit (EITC), a refundable tax credit designed to benefit low- and moderate-income working households. The bill has been amended during committee review and is currently pending consideration on the General Order calendar. The specific modifications to the EITC calculation are not detailed in the action history provided.

Why is this important

The EITC is a significant anti-poverty tool that reduces tax liability and provides refunds to qualifying workers. Changes to how it's calculated directly affect take-home pay for Oklahoma's lowest-income working families and can influence workforce participation and economic activity. The amendments suggest the original proposal underwent substantive revision during the legislative process.

Potential points of contention

  • Fiscal impact unclear: Without knowing whether modifications expand or restrict the credit, the cost to the state treasury and distributional effects remain uncertain
  • Complexity of calculation changes: Modifications to EITC formulas can create confusion during tax filing and may affect eligibility determinations
  • Equity considerations: Changes could disproportionately help or harm specific groups (families with children, single filers, particular income ranges) depending on the modification's nature

Compiled from official sources — confirm details with the bill’s official record.

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