Bill > HB1742

This bill amends the Oklahoma Parental Choice Tax Credit Act to modify website reporting requirements for the Oklahoma Tax Commission. Specifically, the bill requires the Commission to update its website monthly with more detailed and disaggregated information about tax credits claimed under the program. The new requirements include breaking down credit claims by individual private schools and/or homeschools, reporting credits and student numbers by income categories and student race, tracking students who previously attended public schools, listing denied applications, detailing students receiving other scholarships (such as Lindsey Nicole Henry or Equal Opportunity Scholarship), and providing a breakdown of qualified expenses. The bill maintains the existing tax credit program structure, which allows taxpayers to claim credits for private school tuition, homeschooling expenses, and educational services, with credit amounts varying based on family income levels. The total annual credit amount is capped at $250 million for private school credits and $5 million for homeschooling and alternative education credits. The bill will become effective on November 1, 2025, and aims to increase transparency in the reporting of the state's school choice tax credit program.