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Bill

SB 309

Income tax; providing credit for eligible dependent children; stipulating credit amount. Effective date.

2025 Regular Session Introduced by David Bullard

Oklahoma bill creates dependent child income tax credit to reduce taxpayer liability, currently under committee review with undefined credit amount and eligibility standards.

Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee
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Bill Summary · SB 309

Legislative bill overview

SB 309 proposes to create a new income tax credit for Oklahoma taxpayers with eligible dependent children. The bill establishes a tax credit mechanism tied to dependent child status, though the specific credit amount and eligibility criteria are referenced but not detailed in the available bill information. The measure is currently in the early stages of the legislative process, having just completed first reading.

Why is this important

Income tax credits directly reduce taxpayer liability and affect state revenue, making this a fiscal policy decision with budgetary implications. Such credits can influence family financial planning, work incentives, and child-rearing decisions, while also impacting Oklahoma's tax base and the funds available for state services. The placement in both Revenue and Taxation and Appropriations committees reflects concerns about both policy design and fiscal impact.

Potential points of contention

  • Revenue impact: The bill's cost to the state depends on the credit amount and number of eligible families; insufficient appropriations could create unfunded liabilities
  • Definition of "eligible": Criteria for qualifying dependents (age limits, residency, income thresholds) could affect which families benefit and create administrative complexity
  • Equity concerns: Questions about whether the credit adequately assists lower-income families or primarily benefits middle and upper-income earners who pay more taxes

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

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