Oklahoma City, OK 73105
For Immediate Release: April 17, 2013
Sen. A.J. Griffin
Senate approves tax credit for foster parents
The Senate gave overwhelming approval to legislation
Wednesday that would give foster parents an additional financial
incentive for taking in foster children. House Bill 1919, by House
Speaker T.W. Shannon and Sen.
A.J. Griffin, would provide a tax credit for foster parents.
“Most foster parents spend way more on their foster children
then they receive from DHS. The monthly supplemental simply isn’t
enough to keep up with the cost of supporting a child,” said
Griffin, R-Guthrie. “The state is working hard to find ways
to attract more foster parents and the best way to do that is through
financial incentives. Foster parents can’t list their foster
children as dependents on their tax returns like they do for their
own children. This bill would allow foster parents to apply for
a tax credit, which will help them save money that they can then
use to support their foster children.”
HB 1919 authorizes an income deduction for foster care expenses
beginning January 1, 2014. The deduction is capped at $2,500 for
single persons and $5,000 for married individuals filing a joint
“Oklahoma can never reach its potential until we live up to
our moral imperative to see after the least among us, and these
children are our most vulnerable,” said Speaker Shannon, R-Lawton.
“These children face tough situations not having a true home
environment for safety, security and sustenance. This deduction
will help Oklahomans who have opened their homes to children who
are in desperate need of love and hope.”
The enacting clause was stricken in Senate committee so the measure
will now be assigned to a conference committee for further consideration.
For more information, contact:
Sen. Griffin: (405) 521-5628