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Bill > HB1935
OK HB1935
OK HB1935Students; creating the Oklahoma Parental Choice Tax Credit Act; creating income tax credit for certain taxpayers; emergency.
summary
Introduced
02/06/2023
02/06/2023
In Committee
03/27/2023
03/27/2023
Crossed Over
02/23/2023
02/23/2023
Passed
Dead
05/26/2023
05/26/2023
Introduced Session
2023 Regular Session
Bill Summary
An Act relating to students; creating the Oklahoma Parental Choice Tax Credit Act; *** system; mandating coordination of a process to verify student enrollment status; *** providing for conditional enactment; providing for codification; providing an effective date; and declaring an emergency. AUTHOR: Add the following House Coauthor: Culver AUTHOR: Remove as principal Senate author Daniels and substitute as principal Senate author Treat AUTHOR: Add the following Senate Coauthors: Pugh, Daniels, Rosino, McCortney, Thompson (Roger), Hall, Coleman, Paxton, Rader, Seifried, Green, Newhouse, Stewart, Prieto, Murdock, Montgomery, Pederson, Dugger, Pemberton, Weaver, Stanley, Haste, Garvin, Stephens, Burns, Alvord, Bergstrom, Thompson (Kristen), Rogers, Bullard, and Woods AMENDMENT NO. 1. , strike the title, enacting clause and entire bill and insert "An Act relating to students; creating the Oklahoma Parental Choice Tax Credit Act; providing short title; providing legislative intent; defining terms; creating the Oklahoma Parental Choice Tax Credit Program; providing purpose; creating income tax credit for certain taxpayers beginning in certain tax year; prescribing maximum credit amounts; directing taxpayer to retain certain receipts and submit them upon certain request; authorizing the Oklahoma Tax Commission to prescribe certain forms; providing for advancement of certain credit in installments; providing procedures for claiming credit; authorizing dual participation in certain program; authorizing the Commission to conduct or contract for certain audit; authorizing prorated recapture of credits under certain circumstances; directing certain credit amount to be reduced if certain event occurs; requiring the posting of certain credit amounts; requiring the State Department of Education to provide certain notice; directing implementation of certain system; requiring coordination of a process to verify student enrollment status; providing for promulgation of rules; providing immunity from liability for certain actions; allowing certain parents to intervene in certain legal proceeding; prohibiting severability of act provisions; providing for codification; providing conditional effective date; and declaring an emergency.
AI Summary
This bill creates the Oklahoma Parental Choice Tax Credit Act, which provides an income tax credit for taxpayers (such as parents, guardians, or others with legal authority over a child) who incur qualified expenses to support the education of eligible students in Oklahoma. The maximum credit amount is $7,500 per eligible student who attends an accredited private school, or $1,000 per eligible student who is homeschooled or otherwise educated outside of public schools. The bill also requires the state to implement a system for verifying student enrollment status and provides legal protections related to the tax credit program.
Committee Categories
Budget and Finance, Education
Sponsors (47)
Charles McCall (R)*,
Greg Treat (R)*,
Jerry Alvord (R),
Rhonda Baker (R),
Steve Bashore (R),
Micheal Bergstrom (R),
David Bullard (R),
Ty Burns (R),
Chad Caldwell (R),
Bill Coleman (R),
Sherrie Conley (R),
Bob Culver (R),
Julie Daniels (R),
Tom Dugger (R),
Jon Echols (R),
Jessica Garvin (R),
Grant Green (R),
Chuck Hall (R),
John Haste (R),
Kyle Hilbert (R),
Shane Jett (R),
Ken Luttrell (R),
Cody Maynard (R),
Mark McBride (R),
Greg McCortney (R),
John Montgomery (R),
Casey Murdock (R),
Joe Newhouse (R),
Lonnie Paxton (R),
Roland Pederson (R),
Dewayne Pemberton (R),
Dana Prieto (R),
Adam Pugh (R),
Dave Rader (R),
Cody Rogers (R),
Paul Rosino (R),
Ally Seifried (R),
Rob Standridge (R),
Brenda Stanley (R),
Cowboy Stephens (R),
Jack Stewart (R),
Kristen Thompson (R),
Roger Thompson (R),
Darrell Weaver (R),
Tammy West (R),
Danny Williams (R),
Tom Woods (R),
Last Action
Died in conference (on 05/26/2023)
Official Document
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