ENROLLED SENATE
BILL NO. 1621	By:		Simpson and Johnson (Constance) of the Senate

			and

		Ownbey and Shelton of the House

An Act relating to income tax; amending Section 1, Chapter 352, O.S.L. 2013 (68 O.S. Supp. 2013, Section 2358.5-1), which relates to deductions; providing a sunset date; modifying amount of deduction for expenses incurred to provide care for a foster child; and declaring an emergency.

SUBJECT:  Income tax deduction

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

SECTION 1.     AMENDATORY     Section 1, Chapter 352, O.S.L. 2013 (68 O.S. Supp. 2013, Section 2358.5-1), is amended to read as follows:

Section 2358.5-1  For taxable years beginning after December 31, 2013 and ending before January 1, 2018, there shall be allowed a deduction for a taxpayer who contracts with a child-placing agency, as defined in Section 402 of Title 10 of the Oklahoma Statutes, in the maximum amount of Two Thousand Five Hundred Dollars ($2,500.00) for single persons or a deduction in the maximum amount of Five Thousand Dollars ($5,000.00) for married persons filing a joint return for expenses incurred to provide care for a foster child; provided, married persons filing separately in a year in which they could have filed a joint return may each claim only one-half (1/2) of the tax deduction that would have been allowed for a joint return.

SECTION 2.  It being immediately necessary for the preservation of the public peace, health and safety, an emergency is hereby declared to exist, by reason whereof this act shall take effect and be in full force from and after its passage and approval.

Passed the Senate the 21st day of May, 2014.

	
	Presiding Officer of the Senate

Passed the House of Representatives the 14th day of April, 2014.

	
	Presiding Officer of the House
	of Representatives

OFFICE OF THE GOVERNOR
Received by the Office of the Governor this ____________________ day of ___________________, 20_______, at _______ o'clock _______ M.
By: _________________________________
Approved by the Governor of the State of Oklahoma this _________ day of ___________________, 20_______, at _______ o'clock _______ M.

	_________________________________
	Governor of the State of Oklahoma

OFFICE OF THE SECRETARY OF STATE
Received by the Office of the Secretary of State this __________ day of __________________, 20 _______, at _______ o'clock _______ M.
By: _________________________________