Bill > HB3705

This bill amends the Oklahoma Parental Choice Tax Credit Program to adjust the maximum annual credit amounts for eligible students attending accredited private schools, with higher credit amounts available for students whose parents or legal guardians have lower combined adjusted gross incomes, and also modifies the total dollar amount of credits authorized for specific fiscal years, increasing the cap for fiscal year 2027 and subsequent years to $300 million with provisions for automatic increases if 90% of the allocated credits are claimed, and sets the program's effective date for November 1, 2026.

Budget and Finance

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