Income tax; providing credit for certain employer child care expenditures; providing refundability credit for qualified child care worker. Effective date.

This bill creates two income tax credits for Oklahoma taxpayers. Employers can claim a 30% credit (up to $30,000 annually) for qualifying child care expenses paid for employees, including costs for on-site facilities or contracted care. Additionally, qualified child care workers who meet specific criteria (like working 8+ months, providing classroom services, and completing 12+ credit hours) receive a $1,000 refundable credit (meaning it can be paid as cash if tax owed is low). The credits apply to tax years 2026-2030, with annual limits of $5 million for employer credits and $14 million for all credits combined, adjusted yearly by the Oklahoma Tax Commission.