Income tax; creating the Making Adoption Affordable Again Act; providing and modifying credit for certain contributions and adoption expenses. Effective date. Emergency.

SB 281 creates a new tax credit for Oklahoma taxpayers who donate to or provide in-kind contributions to certified adoption funding organizations (like churches or 501(c)(3) nonprofits). It allows a credit equal to the donation amount, capped at $10,000 for individuals and $50,000 for businesses, with unused credits refundable. The bill also sets an annual $10 million limit on total credits, requiring the Oklahoma Tax Commission to adjust credit claims yearly to stay within this cap. This directly affects taxpayers supporting adoption services through qualified organizations, aiming to reduce adoption costs without direct government funding.