Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
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2 1st Session of the 60th Legislature (2025)
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3 SENATE BILL 106 By: Boren
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6 AS INTRODUCED
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7 An Act relating to income tax; providing credit for
7 employers that make payments on the student loan debt
8 of employees; stipulating credit amount; prohibiting
8 refundability of credit; authorizing the carry
9 forward of credit; requiring the Oklahoma Tax
9 Commission to prescribe form for claim; authorizing
10 the Commission to require certain documentation;
10 providing for codification; and providing an
11 effective date.
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14 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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15 SECTION 1. NEW LAW A new section of law to be codified
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16 in the Oklahoma Statutes as Section 2357.414 of Title 68, unless
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17 there is created a duplication in numbering, reads as follows:
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18 A. For tax year 2026 and subsequent tax years, there shall be
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19 allowed a credit against the tax imposed by Section 2355 of Title 68
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20 of the Oklahoma Statutes equal to thirty percent (30%) of the amount
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21 of payments made by an employer against the student loan debt of an
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22 employee.
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23 B. The credit authorized pursuant to this section shall not be
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24 used to reduce the income tax liability of the taxpayer to less than
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Req. No. 1125 Page 1
1 zero (0). If the amount of the credit allowed pursuant to
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2 subsection A of this section exceeds the income tax liability, the
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3 amount of credit not used in any tax year may be carried forward, in
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4 order, to each of the ten (10) subsequent tax years.
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5 C. The credit authorized pursuant to this section shall be
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6 claimed on a form prescribed by the Oklahoma Tax Commission along
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7 with any documentation that the Commission may require.
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8 SECTION 2. This act shall become effective November 1, 2025.
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10 60-1-1125 QD 12/23/2024 10:26:57 AM
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Req. No. 1125 Page 2Every fact on this page links to its source, starting with the official bill record.