Oklahoma HB2087 modifies income tax credits for donations to cancer and independent biomedical research institutes.
Oklahoma HB2087 amends the income tax credit for donations to cancer and independent biomedical research institutes. It modifies the credit limits and percentage adjustments for these donations, ensuring that credits do not exceed specified amounts. The bill also defines "independent biomedical research institute" and "cancer research institute," and it allows unused credits to be carried over to subsequent tax years. The changes take effect November 1, 2025.
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