Income tax; creating the Promote Child Thriving Act; providing income tax credit. Effective date. Emergency.

SB 2059 creates an income tax credit called the "Promote Child Thriving Act" for married biological parents of children under 18. It provides a $500 credit per child for children living with both married biological parents, or a $1,000 credit if the parents were married before the child's birth. To qualify, parents must be legally married, listed on the child's birth certificate (or custodial), and reside together for at least six months (with limited exceptions). The credit is non-refundable and must be claimed via a form approved by the Oklahoma Tax Commission, directly affecting married biological parents raising children in their home.