Bill
Bill > HB1934
OK HB1934
OK HB1934Students; creating the Oklahoma Parental Choice Tax Credit Act; creating income tax credit for certain taxpayers.
summary
Introduced
02/06/2023
02/06/2023
In Committee
04/11/2023
04/11/2023
Crossed Over
03/22/2023
03/22/2023
Passed
05/19/2023
05/19/2023
Dead
Signed/Enacted/Adopted
05/25/2023
05/25/2023
Introduced Session
2023 Regular Session
Bill Summary
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 based on certain income levels; directing taxpayer claiming certain credit to retain certain receipts and submit them upon certain request; prescribing maximum amount of credits for certain tax years; authorizing the Oklahoma Tax Commission to prescribe certain applications and certain deadline; providing for advancement of certain credit in installments; providing procedures for claiming credit; directing the Commission to give first preference in making installments to certain taxpayers; 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; and providing for codification. SUBJECT: Students
AI Summary
This bill creates the Oklahoma Parental Choice Tax Credit Act, which provides an income tax credit to certain taxpayers, such as parents, guardians, and others with legal authority over eligible students in Oklahoma, for qualified expenses related to the education of those students. The credit amounts vary based on the household's total adjusted gross income, with higher credits available for lower-income households. The bill sets a maximum total amount of credits that can be claimed each tax year, and outlines the procedures for claiming and administering the credit. The bill also requires the State Department of Education to provide information to parents of students with disabilities and to implement a system for rating and reviewing education service providers. Additionally, the bill prohibits the severability of its provisions, meaning the entire act would be invalidated if any part is found unconstitutional.
Committee Categories
Education
Sponsors (19)
Charles McCall (R)*,
Greg Treat (R)*,
Micheal Bergstrom (R),
David Bullard (R),
Bill Coleman (R),
Julie Daniels (R),
Jessica Garvin (R),
Grant Green (R),
John Haste (R),
Joe Newhouse (R),
Dana Prieto (R),
Dave Rader (R),
Cody Rogers (R),
Ally Seifried (R),
Rob Standridge (R),
Brenda Stanley (R),
Jack Stewart (R),
Kristen Thompson (R),
Tom Woods (R),
Last Action
Approved by Governor 05/25/2023 (on 05/25/2023)
Official Document
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