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 71 By: Kirt
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6 AS INTRODUCED
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7 An Act relating to income tax credit; providing
7 credit for individuals who pay rent for their
8 residence; limiting the amount of credit received in
8 a tax year; providing inflation adjustment; making
9 credit refundable; requiring the Oklahoma Tax
9 Commission to provide form; requiring certain
10 information; and providing an effective date.
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13 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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14 SECTION 1. NEW LAW A new section of law to be codified
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15 in the Oklahoma Statutes as Section 2357.701 of Title 68, unless
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16 there is created a duplication in numbering, reads as follows:
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17 A. For tax year 2026 and subsequent tax years, there shall be
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18 allowed against the tax imposed by Section 2355 of Title 68 of the
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19 Oklahoma Statutes a credit for any individual for rent paid for his
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20 or her primary residence. The credit allowed shall not exceed One
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21 Hundred Ten Dollars ($110.00) for tax year 2026, and the limit shall
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22 be annually adjusted to reflect price inflation as measured by the
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23 Consumer Price Index for All Urban Consumers and as published by the
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Req. No. 236 Page 1
1 Bureau of Labor Statistics of the U.S. Department of Labor for
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2 subsequent tax years.
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3 B. If the credit exceeds the tax imposed by Section 2355 of
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4 Title 68 of the Oklahoma Statutes, the excess amount shall be
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5 refunded to the taxpayer.
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6 C. The Oklahoma Tax Commission shall provide a form to claim
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7 the credit. The form shall require information from the individual
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8 including his or her address, the name of the landlord, the required
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9 monthly rent, and the total amount of rent paid in the tax year.
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10 SECTION 2. This act shall become effective November 1, 2025.
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12 60-1-236 QD 1/19/2025 5:41:48 AM
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Req. No. 236 Page 2Every fact on this page links to its source, starting with the official bill record.