Oklahoma Statutes (Last Updated: September 18, 2014)

§ 68-2358.5-1. Deduction for fostering children.

Latest version.

For taxable years beginning after December 31, 2013, 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.

Added by Laws 2013, c. 352, § 1, eff. Jan. 1, 2014.

                    
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