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

			and

		Ownbey of the House

[ income tax - deductions - expenses incurred - 		emergency ]

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 26th day of February, 2014.

	
	Presiding Officer of the Senate

Passed the House of Representatives the ____ day of __________, 2014.

	
	Presiding Officer of the House
	of Representatives