SB256

Oklahoma SB256 provides income tax credits for employer child care expenditures and a refundable credit for qualified child care workers.

Oklahoma SB256 introduces income tax credits for employers who spend on child care expenses and operating child care facilities for their employees' dependents. Employers can claim 30% of these expenditures as a credit against their tax liability. Additionally, the bill provides a refundable credit for qualified child care workers, defined as those who work at least eight months in a licensed facility, are enrolled in Oklahoma's Professional Development Ladder, and have earned at least twelve credit hours.