AnHB2011 ActSUBREC-AMD1 ENROLLEDDaniel Pae-TJ 2/11/2025 11:33:36 am COMMITTEE AMENDMENT HOUSE BILLOF NO.REPRESENTATIVES State of Oklahoma SPEAKER:

2011CHAIR: By:

Pae,I Gise,move andto Kendrixamend ofHB2011 Of the Houseprinted Bill Page 2 Section 3 Lines 4-5 Of the Engrossed Bill By striking the following phrase, "Office of Management and FrixEnterprise Services" and Kernby ofinserting after the Senatestricken Anlanguage Actthe relatingfollowing tophrase, tax"Oklahoma credits;Health Care Authority".

creatingAMEND theTITLE FightingTO ChanceCONFORM forTO FirefightersAMENDMENTS Act;Amendment submitted by:

providingDaniel shortPae title;Adopted:

defining_____________________________ terms;______________________Reading Clerk___

providing income tax credit for certain unreimbursed medical costs incurred by firefighters;

prescribing credit amount;

prohibiting refundability of credit;

providing annual limitation for credits claimed;

prescribing enforcement of limitation;

providing for noncodification;

providing for codification;

and providing an effective date.

SUBJECT:

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

SECTION 1.

NEW LAW A new section of law not to be codified in the Oklahoma Statutes reads as follows:

This act shall be known and may be cited as the “Fighting Chance for Firefighters Act”.

SECTION 2.

NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 2357.501 of Title 68, unless there is created a duplication in numbering, reads as follows:

A.

As used in this section:

1.

“Cancer” means, but is not limited to, lung cancer, prostate cancer, testicular cancer, skin cancer, colon cancer, breast cancer, or any other form of cancer which is generally recognized as having a higher risk of occurrence in a person who performs firefighting services;

2.

“Firefighter” means a person trained or certified as skilled in the prevention and control of fires in residential and commercial structures and naturally occurring fires commonly known as wildfires;

and 3.

“Unreimbursed cost” means a portion of an expense which is not covered or not fully covered under a health insurance policy and for which a taxpayer expends money and is not able to recover the expenditure.

B.

For tax year 2026 and subsequent tax years, there shall be allowed as a credit against the tax imposed pursuant to Section 2355 of Title 68 of the Oklahoma Statutes an amount equal to the unreimbursed cost, not to exceed Two Hundred Fifty Dollars ($250.00) per taxable year, incurred by a firefighter for the cost of medical procedures to detect any form of cancer.

C.

The credit authorized by this section shall not be used to reduce the income tax liability of the taxpayer to less than zero (0).

D.

The credit authorized by this section, to the extent not used, may be carried over, in order, to each of the five (5) subsequent tax years.

E.

For tax year 2028 and subsequent tax years, the total amount of credits authorized by this section used to offset tax shall be adjusted annually to limit the annual amount of credits to One Million Five Hundred Thousand Dollars ($1,500,000.00).

The Oklahoma Tax Commission shall annually calculate and publish by the first day of the affected year a percentage by which the credits authorized by this section shall be reduced so the total amount of credits used to offset tax does not exceed One Million Five Hundred Thousand Dollars ($1,500,000.00) per year.

The formula to be used for the percentage adjustment shall be One Million Five Hundred Thousand Dollars ($1,500,000.00) divided by the credits claimed in the second preceding year.

F.