Bill > HB3705

This bill increases the authorized amount of tax credits available under the Oklahoma Parental Choice Tax Credit Program for the fiscal year 2027 and subsequent fiscal years. The Parental Choice Tax Credit Program provides an income tax credit to parents or legal guardians for qualified educational expenses incurred for eligible students, such as tuition and fees at accredited private schools, nonpublic learning programs, academic tutoring, textbooks, and standardized assessments. The bill specifically amends the section of law that sets the annual limits on the total amount of credits authorized for private school tuition, increasing the cap for fiscal year 2027 and beyond from $250 million to $275 million.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3705&Session=2600