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 the "Making Adoption Affordable Again Act," providing Oklahoma taxpayers with a refundable income tax credit for donations to certified adoption funding organizations (like churches or 501(c)(3) nonprofits) and for non-monetary contributions (in-kind donations) supporting adoption services. Taxpayers can claim up to $10,000 annually ($50,000 for businesses), with excess credits refunded. Organizations must be certified by the Oklahoma Tax Commission, use at least 50% of funds for adoption services, limit staff compensation to 20% of funds, and report annually to maintain certification. The total annual credit amount is capped at $10 million, with adjustments to prevent exceeding this limit.