Bill > HB3387

This bill amends the Oklahoma Parental Choice Tax Credit Act to exempt certain eligible taxpayers from providing additional income verification. The bill provides an income tax credit to taxpayers who incur qualified expenses, such as tuition and fees for private school or other educational expenses, on behalf of eligible students in Oklahoma. The credit amounts vary based on the total adjusted gross income of the household. The bill also sets limits on the total amount of credits authorized per year and outlines the application and review process by the Oklahoma Tax Commission. Additionally, the bill includes provisions for when there is a failure of revenue and requires the Commission to make credit claim information publicly available.

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3387&Session=2400