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OK HB3009

OK HB3009
Schools; Oklahoma Parental Choice Tax Credit Program; credit amount; notice; effective date; emergency.


summary

Introduced
02/02/2026
In Committee
02/03/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

An Act relating to schools; amending Section 2, Chapter 278, O.S.L. 2023, as last amended by Section 2, Chapter 295, O.S.L. 2025 (70 O.S. Supp. 2025, Section 28-101), which relates to the Oklahoma Parental Choice Tax Credit Program; amending credit amount; eliminating credit for taxpayers whose adjusted gross income is in excess of certain amount; eliminating certain notice requirement; providing an effective date; and declaring an emergency.

AI Summary

This bill modifies the Oklahoma Parental Choice Tax Credit Program by adjusting the credit amounts available to taxpayers for qualified educational expenses for eligible students. Specifically, it reduces the maximum credit amount for parents or legal guardians whose combined adjusted gross income exceeds $75,000 but does not exceed $150,000, from $7,000 to $5,000, while also eliminating the credit for taxpayers with a combined adjusted gross income above $150,000. Additionally, the bill removes a specific notice requirement for applicants with higher incomes and sets an effective date of July 1, 2026, declaring an emergency for immediate implementation.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Appropriations and Budget Education Subcommittee (on 02/03/2026)

bill text


bill summary

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bill summary

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