Bill > SB1391

This bill modifies the Oklahoma Parental Choice Tax Credit Act by adjusting income limits and tax credit amounts for families seeking to use private school or alternative education options. For the 2026-2027 school year, the income threshold for priority consideration will increase to $150,000, and for 2027-2028 and subsequent years, it will decrease to $75,000. The bill maintains a tiered credit system where families can receive tax credits for private school tuition based on their household income, with credits ranging from $5,000 to $7,500. Notably, the bill introduces a new requirement for participating private schools to administer state assessments starting in the 2027-2028 school year, with potential disqualification from the program for non-compliance. The total annual credits remain capped, with $150 million authorized for 2024, $100 million for the first half of 2025, and $250 million for fiscal year 2026 and beyond. The bill also streamlines application processes, provides preferences for lower-income families and returning participants, and maintains provisions for auditing and recapturing credits if expenses are not qualified.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1391&Session=2600