SB2158

Oklahoma SB2158 creates the Health Care Sharing Ministry Tax Parity Act, allowing income tax deductions for health care sharing expenses.

Oklahoma SB2158 introduces the Health Care Sharing Ministry Tax Parity Act, establishing a tax deduction for health care sharing expenses. For tax year 2027 and beyond, qualified individuals can deduct these expenses from their Oklahoma adjusted gross income. The act also exempts certain health care sharing income from taxable income starting in 2027. The provisions will cease if Oklahoma stops collecting individual income tax.