SB1279

Oklahoma SB1279 creates the Health Care Sharing Ministries Tax Parity Act, allowing deductions and exemptions for health care sharing expenses.

Oklahoma SB1279 introduces the Health Care Sharing Ministries Tax Parity Act, which provides tax deductions for qualified health care sharing expenses and exempts certain health care shares from taxable income starting in 2027. This act defines terms such as "qualified health care sharing expenses" and "qualified health care share received," and requires claims to be made on a prescribed form by the Oklahoma Tax Commission. The act becomes effective November 1, 2026.