House Bill No. 1201 establishes a tax credit for contributions made to pregnancy resource centers in Oklahoma, effective January 1, 2026. The bill defines key terms such as "contribution," "Director," "pregnancy resource center," and "taxpayer." It allows taxpayers to claim a credit equal to 70% of their contributions, capped at $50,000 per taxable year, and sets a minimum contribution threshold of $100 to qualify for the credit. The bill also stipulates that the tax credit cannot reduce a taxpayer's liability below zero and cannot be assigned or transferred.

Additionally, the bill authorizes the Director of the State Department of Health to classify pregnancy resource centers and requires these centers to provide information about contributors claiming the tax credit. The total amount of credits authorized is limited to $5 million annually, with a formula established to adjust the percentage of credits claimed to ensure this cap is not exceeded. Pregnancy resource centers are permitted to decline contributions, and the Director is subject to confidentiality provisions regarding tax information.