HB1201

Oklahoma HB1201 creates a tax credit for contributions to pregnancy resource centers.

Oklahoma HB1201 introduces a tax credit for contributions made to pregnancy resource centers. These centers must provide services like pregnancy testing, counseling, and parenting skills without performing, inducing, or referring for abortions. The credit is limited to $5,000,000 annually, with excess credits carried over to the next year. The Director of the Oklahoma Department of Human Services classifies these centers and ensures they meet specific criteria. The credit cannot reduce a taxpayer's liability below zero and cannot be assigned, transferred, or sold.