Bill > HB4411

This bill modifies the Oklahoma Parental Choice Tax Credit Act, which provides tax credits to parents and guardians for qualified educational expenses for eligible students. The key changes focus on the requirements for the Oklahoma Tax Commission's website and private schools participating in the program. Specifically, the bill mandates that the Oklahoma Tax Commission's website must now include the total dollar amount of credits claimed each year, broken down by individual private school and the statewide aggregate for homeschool students, as well as the amount of credits awarded and the number of students receiving them, disaggregated by income categories and by private school. Additionally, for fiscal year 2027 and beyond, private schools must make their annual tuition amounts publicly available on their websites in a timely manner to allow taxpayers to apply for the credit by the deadline. The bill also specifies that the Oklahoma Tax Commission's website will now list the total amount by category of qualified expenses, and private schools must provide tuition information to the Commission. This bill is set to become effective on November 1, 2026.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb4411&Session=2600