Oklahoma City, OK 73105
For Immediate Release: May 1, 2019
Sen. Paul Scott
Governor signs $5,000 tax exemption for foster families
Oklahoma’s more than 4,100 foster families
will soon get some financial relief following the signing of Senate
Bill 893 Tuesday. Sen. Paul
Scott, R-Duncan, and Rep. Rande Worthen, R-Lawton, authored
the bill, which will provide a $5,000 income tax exemption for anyone
contracting with a child-placing agency for taxable years beginning
on or after January 1, 2019.
“There are nearly 8,000 children in state custody who have
been removed from their homes because of abuse or neglect. No child
should ever have to go through this but fortunately Oklahoma has
families who selflessly open their hearts and homes to help these
kids and their biological families,” Scott said. “DHS
is always in need of more foster homes to meet the needs of the
children in their care. This exemption will provide foster families
with some financial relief as well as hopefully help recruit many
more great families.”
In order to qualify for the exemption, the taxpayer must have been
under contract and providing care for at least six months or claim
a pro rata exemption based on the difference.
DHS hopes to have recruited another 400 foster families by the end
of June to hit their annual goal of 900 new, approved foster homes.
They specifically are needing families who will take in teenagers,
large sibling groups, and children with mental health issues or
other special medical needs. Of the 8,000 children in foster care,
around 500 are also legally free and waiting to be adopted.
“Foster families make sacrifices within their own households
to care for children who have been abused and neglected. DHS and
the State of Oklahoma are continually developing ways to better
support our foster families as we recruit more to this critical
role,” said DHS Director Ed Lake. “We greatly appreciate
Sen. Scott’s legislation, which will financially benefit current
foster families and also help our ongoing foster care recruitment
SB 893 will go into effect November 1, 2019.
For more information, contact:
Sen. Scott: (405) 521-5522