Establishes the "education affordability act" and tax credit; provides credits against income and corporate franchise tax for various qualified education investments including scholarships, education funds and home-based instructional materials.
Educational Scholarships & Tax Credit
Revenue and taxation; creating the Education Investment for Oklahoma Act; modifying the Equal Opportunity Education Scholarship Act; effective date.
Education Savings Account Program; established, Education Improvement Scholarships tax credits.
Education Savings Account Program; established, Education Improvement Scholarships tax credits.
Education Savings Account Program; established, Education Improvement Scholarships tax credits.
Reduces income and corporation franchise tax credits (EN +$31,500,000 GF RV See Note)
A home education income tax credit for qualified educational expenses; and to provide an effective date.
Establishes Public Education Innovation Fund; provides corporation business tax and gross income tax credits to businesses for making qualified education donations.
Establishes Public Education Innovation Fund; provides corporation business tax and gross income tax credits to businesses for making qualified education donations.