Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB1016

Introduced
2/3/25  

Caption

Income tax credit; requiring the Department of Human Services and the Oklahoma Health Care Authority verify certain claims by certain applicants; requiring certain entities submit documentation to tax commission for verification of income for parental choice tax credit. Effective date.

Impact

Under SB1016, the income tax credit for parents and guardians will depend on their adjusted gross income, with designated maximum amounts based on income brackets. Families with lower incomes will have the opportunity to claim higher credits, facilitating access to educational resources for students in private education. The bill emphasizes accountability by requiring that participating private schools provide documentation regarding enrollment and tuition, increasing transparency in how taxpayer money is utilized in educational funding.

Summary

Senate Bill 1016 seeks to amend the existing Oklahoma Parental Choice Tax Credit Act by modifying definitions and increasing oversight of the program. The bill establishes requirements for the Oklahoma Department of Human Services and the Oklahoma Health Care Authority to verify claims made by applicants seeking tax credits for educational expenses. The proposed changes aim to ensure that the credits claimed reflect legitimate educational costs incurred on behalf of eligible students, which include those attending accredited private schools.

Contention

While the bill aims to enhance the integrity of the tax credit system, controversies may arise over how it balances support for parental choice in education with oversight. Proponents argue that the modifications will help eliminate fraud and misuse of tax credits, while opponents may raise concerns regarding the increased administrative burden on families and schools. Additionally, critics could argue that the limitations based on income thresholds may unfairly exclude certain families, hindering access to educational opportunities for students from various backgrounds.

Companion Bills

No companion bills found.

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