House Bill No. 1201 establishes a tax credit for contributions made to pregnancy resource centers in Oklahoma, defined as nonresidential facilities that provide various support services to women and families facing crisis or unplanned pregnancies. The bill 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 Director of the State Department of Health is tasked with classifying pregnancy resource centers and ensuring they meet specific criteria, including not performing or referring for abortions.

Additionally, the bill imposes a cap on the total amount of tax credits that can be claimed annually, limited to $5 million. The Oklahoma Tax Commission is responsible for adjusting the percentage of credits allowed each year to ensure this cap is not exceeded. The bill also includes provisions for confidentiality regarding taxpayer information and allows pregnancy resource centers to decline contributions. The effective date for the implementation of this tax credit is set for January 1, 2026.