Oklahoma SB71 provides an income tax credit for renters of their primary residence, up to $110 annually, with inflation adjustments.
Oklahoma SB71 introduces an income tax credit for individuals who pay rent for their primary residence. The credit is limited to $110 for tax year 2026, with annual adjustments for inflation. The Oklahoma Tax Commission must provide a form for renters to claim this credit, requiring details such as address, landlord's name, monthly rent, and total rent paid in the tax year. The credit is refundable and becomes effective November 1, 2025.
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