Oklahoma HB2755 amends tax credits for donations to biomedical and cancer research institutes.
Oklahoma HB2755 amends the state's tax code to modify tax credits for donations to biomedical and cancer research institutes. The bill introduces new credit limits and adjustments for donations to independent biomedical research institutes and cancer research institutes. It specifies that credits for donations to cancer research institutes will not exceed $500,000 annually, while credits for donations to independent biomedical research institutes will not exceed $1.5 million annually.
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