Income tax; authorizing claim for child tax credit in the tax year certain stillborn birth certificates are issued. Effective date.

SB 223 allows Oklahoma taxpayers to claim a 5% credit toward their state income tax for each stillbirth that results in an official birth certificate under Oklahoma law (Title 63, Section 1-318.2). This credit applies only in the tax year the stillbirth occurs and equals 5% of the federal child tax credit amount that would have been available if the child were a dependent in the household. It affects parents who experience stillbirths after 2025, with the credit becoming available for tax year 2026. The Oklahoma Tax Commission will establish rules to implement this provision.