New Workspace

About Sign Up Login

Research Tools

Keyword Search

Bill Content

Videos & Transcripts

Capitol Directory

US
Oklahoma OK
Legislatures
2025 Regular Session
Senate
Bills
SB682
Compare Versions

OK

Oklahoma Senate Bill SB682

Overview
Authors & Sponsors
Activity Timeline
Action History
Meeting Schedule
Draft Versions & Texts
Latest Draft
Compare Versions
Committee Assignments

Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB682 Compare Versions

Only one version of the bill is available at this time.

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1
2	2
3	3
4	4		Req. No. 715 Page 1 1
5	5		2
6	6		3
7	7		4
8	8		5
9	9		6
10	10		7
11	11		8
12	12		9
13	13		10
14	14		11
15	15		12
16	16		13
17	17		14
18	18		15
19	19		16
20	20		17
21	21		18
22	22		19
23	23		20
24	24		21
25	25		22
26	26		23
27	27		24
28	28		1
29	29		2
30	30		3
31	31		4
32	32		5
33	33		6
34	34		7
35	35		8
36	36		9
37	37		10
38	38		11
39	39		12
40	40		13
41	41		14
42	42		15
43	43		16
44	44		17
45	45		18
46	46		19
47	47		20
48	48		21
49	49		22
50	50		23
51	51		24
52	52
53	53		STATE OF OKLAHOMA
54	54
55	55		1st Session of the 60th Legislature (2025)
56	56
57	57		SENATE BILL 682 By: Standridge
58	58
59	59
60	60
61	61
62	62
63	63		AS INTRODUCED
64	64
65	65		An Act relating to income tax credit; amending
66	66		Section 2, Chapter 278, O.S.L. 2023, as amended by
67	67		Section 3, Chapter 277, O.S.L. 2024 (70 O.S. Supp.
68	68		2024, Section 28-101), which relates to the Oklahoma
69	69		Parental Choice Tax Credit Program; modifying
70	70		installment payment for credits claimed for certain
71	71		eligible students; prohibiting the Oklahoma Tax
72	72		Commission from recapturing credits for c ertain
73	73		reason; and providing an effective date .
74	74
75	75
76	76
77	77
78	78
79	79		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
80	80		SECTION 1. AMENDATORY Section 2, Chapter 278, O.S.L.
81	81		2023, as amended by Section 3, Chapter 277, O.S.L. 2024 (70 O. S.
82	82		Supp. 2024, Section 28 -101), is amended to read as follows:
83	83		Section 28-101. A. As used in the Oklahoma Parental Choice Tax
84	84		Credit Act:
85	85		1. “Commission” means the Oklahoma Tax Commission;
86	86		2. “Curriculum” means a complete course of study for a
87	87		particular content area or grade level;
88	88		3. “Department” means the State Department of Education;
89	89
90	90
91	91		Req. No. 715 Page 2 1
92	92		2
93	93		3
94	94		4
95	95		5
96	96		6
97	97		7
98	98		8
99	99		9
100	100		10
101	101		11
102	102		12
103	103		13
104	104		14
105	105		15
106	106		16
107	107		17
108	108		18
109	109		19
110	110		20
111	111		21
112	112		22
113	113		23
114	114		24
115	115		1
116	116		2
117	117		3
118	118		4
119	119		5
120	120		6
121	121		7
122	122		8
123	123		9
124	124		10
125	125		11
126	126		12
127	127		13
128	128		14
129	129		15
130	130		16
131	131		17
132	132		18
133	133		19
134	134		20
135	135		21
136	136		22
137	137		23
138	138		24
139	139
140	140		4. “Education service provider ” means a person, business,
141	141		public school district, public charter school, magnet school, or
142	142		organization that provides educational goo ds and/or services to
143	143		eligible students in this state;
144	144		5. “Eligible student” means a resident of this state who is
145	145		eligible to enroll in a public school in this state. Eligible
146	146		student shall include a student who is enrolled in and attends or is
147	147		expected to enroll in a private school in this state accredited by
148	148		the State Board of Education or another accrediting association or a
149	149		student who is educated pursuant to the other means of education
150	150		exception provided for in subsection A of Section 10 -105 of this
151	151		title;
152	152		6. “Qualified expense” for the purpose of claiming the credit
153	153		authorized by paragraph 1 of subsection C of this section means
154	154		tuition and fees at a private school in this state accredited by the
155	155		State Board of Education or another accrediting ass ociation.
156	156		Provided, the amount of tuition and fees considered a qualified
157	157		expense pursuant to this paragraph shall not include tuition and
158	158		fees paid with any scholarship or tuition and fees discounted or
159	159		otherwise reduced by the school;
160	160		7. “Qualified expense” for the purpose of claiming the credit
161	161		authorized by paragraph 2 of subsection C of this section means the
162	162		following expenditures:
163	163
164	164
165	165		Req. No. 715 Page 3 1
166	166		2
167	167		3
168	168		4
169	169		5
170	170		6
171	171		7
172	172		8
173	173		9
174	174		10
175	175		11
176	176		12
177	177		13
178	178		14
179	179		15
180	180		16
181	181		17
182	182		18
183	183		19
184	184		20
185	185		21
186	186		22
187	187		23
188	188		24
189	189		1
190	190		2
191	191		3
192	192		4
193	193		5
194	194		6
195	195		7
196	196		8
197	197		9
198	198		10
199	199		11
200	200		12
201	201		13
202	202		14
203	203		15
204	204		16
205	205		17
206	206		18
207	207		19
208	208		20
209	209		21
210	210		22
211	211		23
212	212		24
213	213
214	214		a. tuition and fees for nonpublic learning programs,
215	215		online or in person,
216	216		b. academic tutoring services provided by an individual
217	217		or a private academic tutoring facility,
218	218		c. textbooks, curriculum, or other instructional
219	219		materials including, but not limited to, supplemental
220	220		materials or associated online instruction required by
221	221		an education service provider, and
222	222		d. fees for nationally standardized assessments
223	223		including, but not limited to, assessments used to
224	224		determine college admission and advanced placement
225	225		examinations as well as tuition and fees for tutoring
226	226		or preparatory courses for the assessments; and
227	227		8. “Taxpayer” means a biological or adoptive parent,
228	228		grandparent, aunt, uncle, legal guardia n, custodian, or other person
229	229		with legal authority to act on behalf of an eligible student.
230	230		B. There is hereby created the Oklahoma Parental Choice Tax
231	231		Credit Program to provide an income tax credit to a taxpayer for
232	232		qualified expenses to support the education of eligible students in
233	233		this state.
234	234		C. For the tax year 2024 and subsequent tax years, and fiscal
235	235		year 2026 and subsequent fiscal years, there shall be allowed
236	236		against the tax imposed by Section 2355 of Title 68 of the Oklahoma
237	237		Statutes a credit for any Oklahoma taxpayer who incurs a qualified
238	238
239	239
240	240		Req. No. 715 Page 4 1
241	241		2
242	242		3
243	243		4
244	244		5
245	245		6
246	246		7
247	247		8
248	248		9
249	249		10
250	250		11
251	251		12
252	252		13
253	253		14
254	254		15
255	255		16
256	256		17
257	257		18
258	258		19
259	259		20
260	260		21
261	261		22
262	262		23
263	263		24
264	264		1
265	265		2
266	266		3
267	267		4
268	268		5
269	269		6
270	270		7
271	271		8
272	272		9
273	273		10
274	274		11
275	275		12
276	276		13
277	277		14
278	278		15
279	279		16
280	280		17
281	281		18
282	282		19
283	283		20
284	284		21
285	285		22
286	286		23
287	287		24
288	288
289	289		expense on behalf of an eligible student, to be administered subject
290	290		to the following amounts:
291	291		1. If the eligible student attends a private school in this
292	292		state accredited by the State Board of Education or another
293	293		accrediting association, the annual maximum credit amount for tax
294	294		year 2024, fiscal year 2026, and each subsequent fiscal year shall
295	295		be:
296	296		a. Seven Thousand Five Hundred Doll ars ($7,500.00) or the
297	297		amount of tuition and fees for the private school,
298	298		whichever is less, if the combined adjusted gross
299	299		income of the parents or legal guardians of the
300	300		eligible student during the second preceding tax year
301	301		does not exceed Seventy -five Thousand Dollars
302	302		($75,000.00),
303	303		b. Seven Thousand Dollars ($7,000.00) or the amount of
304	304		tuition and fees for the private school, whichever is
305	305		less, if the combined adjusted gross income of the
306	306		parents or legal guardians of the eligible student
307	307		during the second preceding tax year is more than
308	308		Seventy-five Thousand Dollars ($75,000.00) but does
309	309		not exceed One Hundred Fifty Thousand Dollars
310	310		($150,000.00),
311	311		c. Six Thousand Five Hundred Dollars ($6,500.00) or the
312	312		amount of tuition and fees for the private school,
313	313
314	314
315	315		Req. No. 715 Page 5 1
316	316		2
317	317		3
318	318		4
319	319		5
320	320		6
321	321		7
322	322		8
323	323		9
324	324		10
325	325		11
326	326		12
327	327		13
328	328		14
329	329		15
330	330		16
331	331		17
332	332		18
333	333		19
334	334		20
335	335		21
336	336		22
337	337		23
338	338		24
339	339		1
340	340		2
341	341		3
342	342		4
343	343		5
344	344		6
345	345		7
346	346		8
347	347		9
348	348		10
349	349		11
350	350		12
351	351		13
352	352		14
353	353		15
354	354		16
355	355		17
356	356		18
357	357		19
358	358		20
359	359		21
360	360		22
361	361		23
362	362		24
363	363
364	364		whichever is less, if the combined adjusted gross
365	365		income of the parents or legal guardians of the
366	366		eligible student during the second preceding tax year
367	367		is more than One Hundred Fifty Thousand Dollars
368	368		($150,000.00) but does not exceed Two Hundred Twenty -
369	369		five Thousand Dollars ($225,000.00),
370	370		d. Six Thousand Dollars ($6,000.00) or the am ount of
371	371		tuition and fees for the private school, whichever is
372	372		less, if the combined adjusted gross income of the
373	373		parents or legal guardians of the eligible student
374	374		during the second preceding tax year is more than Two
375	375		Hundred Twenty-five Thousand Dollars ($225,000.00) but
376	376		does not exceed Two Hundred Fifty Thousand Dollars
377	377		($250,000.00), or
378	378		e. Five Thousand Dollars ($5,000.00) or the amount of
379	379		tuition and fees for the private schoo l, whichever is
380	380		less, if the combined adjusted gross income of the
381	381		parents or legal guardians of the eligible student
382	382		during the second preceding tax year is more than Two
383	383		Hundred Fifty Thousand Dollars ($250,000.00);
384	384		2. For tax year 2024 and subsequent t ax years, the maximum
385	385		credit amount shall be One Thousand Dollars ($1,000.00) in qualified
386	386		expenses per eligible student in each tax year if the eligible
387	387		student is educated pursuant to the other means of education
388	388
389	389
390	390		Req. No. 715 Page 6 1
391	391		2
392	392		3
393	393		4
394	394		5
395	395		6
396	396		7
397	397		8
398	398		9
399	399		10
400	400		11
401	401		12
402	402		13
403	403		14
404	404		15
405	405		16
406	406		17
407	407		18
408	408		19
409	409		20
410	410		21
411	411		22
412	412		23
413	413		24
414	414		1
415	415		2
416	416		3
417	417		4
418	418		5
419	419		6
420	420		7
421	421		8
422	422		9
423	423		10
424	424		11
425	425		12
426	426		13
427	427		14
428	428		15
429	429		16
430	430		17
431	431		18
432	432		19
433	433		20
434	434		21
435	435		22
436	436		23
437	437		24
438	438
439	439		exception provided for in subsection A of Section 10-105 of this
440	440		title. To claim the credit, the taxpayer shall submit to the
441	441		Commission receipts for qualified expenses as defined by paragraph 7
442	442		of subsection A of this section;
443	443		3. If the eligible student attends a private school in this
444	444		state, accredited by the State Board of Education or another
445	445		accrediting association, that exclusively serves students
446	446		experiencing homelessness, the credit amount shall be Seven Thousand
447	447		Five Hundred Dollars ($7,500.00) or the amount of the cost to
448	448		educate the eligible student at the private school, whichever is
449	449		less;
450	450		4. If the eligible student attends a private school in this
451	451		state, accredited by the State Board of Education or another
452	452		accrediting association, that primarily serves financially
453	453		disadvantaged students, the credit amount shall be the maximum
454	454		credit amount authorized by paragraph 1 of this subsection or the
455	455		amount of the cost to educate the eligible student at the private
456	456		school, whichever is less. The cost to educate the eligible student
457	457		shall be equal to the average cost to educate all students attending
458	458		the private school, which shall be calculated by dividing the
459	459		private school’s total expenditures in the previous year by the
460	460		total enrollment in the previous school year. A private school
461	461		shall be deemed to be primarily serving financially disadvantaged
462	462		students if ninety percent (90%) of the private school ’s admissions
463	463
464	464
465	465		Req. No. 715 Page 7 1
466	466		2
467	467		3
468	468		4
469	469		5
470	470		6
471	471		7
472	472		8
473	473		9
474	474		10
475	475		11
476	476		12
477	477		13
478	478		14
479	479		15
480	480		16
481	481		17
482	482		18
483	483		19
484	484		20
485	485		21
486	486		22
487	487		23
488	488		24
489	489		1
490	490		2
491	491		3
492	492		4
493	493		5
494	494		6
495	495		7
496	496		8
497	497		9
498	498		10
499	499		11
500	500		12
501	501		13
502	502		14
503	503		15
504	504		16
505	505		17
506	506		18
507	507		19
508	508		20
509	509		21
510	510		22
511	511		23
512	512		24
513	513
514	514		are based on enrolling students whose gross family income is two
515	515		hundred fifty percent (250%) of the federal poverty threshold o r
516	516		below;
517	517		5. The taxpayer shall retain all receipts of qualified expenses
518	518		as proof of the amounts paid each tax year the credit is claimed and
519	519		shall submit them to the Commission upon request;
520	520		6. If the credit exceeds the tax imposed by Section 2355 of
521	521		Title 68 of the Oklahoma Statutes, the excess amount shall be
522	522		refunded to the taxpayer; and
523	523		7. Credits claimed by a taxpayer pursuant to the provisions of
524	524		this section shall not be used to offset or pay the following:
525	525		a. delinquent tax liability,
526	526		b. accrued penalty or interest from the failure to file a
527	527		report or return,
528	528		c. accrued penalty or interest from the failure to pay a
529	529		state tax within the statutory period allowed for its
530	530		payment,
531	531		d. tax liability of the taxpayer from any prior tax year,
532	532		or
533	533		e. any debt, unpaid fine, final judgment, or claim filed
534	534		with the Commission by a qualified entity as defined
535	535		in Section 205.2 of Title 68 of the Oklahoma Statutes.
536	536		D. 1. a. For tax year 2024, the total amount of credits
537	537		authorized by paragraph 1 of subsection C of this
538	538
539	539
540	540		Req. No. 715 Page 8 1
541	541		2
542	542		3
543	543		4
544	544		5
545	545		6
546	546		7
547	547		8
548	548		9
549	549		10
550	550		11
551	551		12
552	552		13
553	553		14
554	554		15
555	555		16
556	556		17
557	557		18
558	558		19
559	559		20
560	560		21
561	561		22
562	562		23
563	563		24
564	564		1
565	565		2
566	566		3
567	567		4
568	568		5
569	569		6
570	570		7
571	571		8
572	572		9
573	573		10
574	574		11
575	575		12
576	576		13
577	577		14
578	578		15
579	579		16
580	580		17
581	581		18
582	582		19
583	583		20
584	584		21
585	585		22
586	586		23
587	587		24
588	588
589	589		section shall not exceed One Hundred Fifty Million
590	590		Dollars ($150,000,000 .00).
591	591		b. For the period of January 1, 2025, through June 30,
592	592		2025, the total amount of credits authorized by
593	593		paragraph 1 of subsection C of this section shall not
594	594		exceed One Hundred Million Dollars ($100,000,000.00).
595	595		The Commission shall not require a taxpayer who
596	596		received a credit pursuant to paragraph 1 of
597	597		subsection C of this section in tax year 2024 to
598	598		reapply for a credit payable during the period
599	599		described in this subparagr aph. The Commission shall
600	600		base the credit amount payable for the spring 2025 on
601	601		the fall 2024 installment disbursement payment amount.
602	602		c. For fiscal year 2026 and subsequent fiscal years, the
603	603		total amount of credits authorized by paragraph 1 of
604	604		subsection C of this section shall not exceed Two
605	605		Hundred Fifty Million Dollars ($250,000,000.00).
606	606		2. For tax year 2025 and subsequent tax years, the total amount
607	607		of credits authorized by paragraph 2 of subsection C of this section
608	608		shall not exceed Five Million Dol lars ($5,000,000.00).
609	609		E. The Commission shall prescribe applications for the purposes
610	610		of claiming the credits authorized by the Oklahoma Parental Choice
611	611		Tax Credit Act and a deadline by which applications shall be
612	612		submitted. A taxpayer claiming the credi t authorized by paragraph 1
613	613
614	614
615	615		Req. No. 715 Page 9 1
616	616		2
617	617		3
618	618		4
619	619		5
620	620		6
621	621		7
622	622		8
623	623		9
624	624		10
625	625		11
626	626		12
627	627		13
628	628		14
629	629		15
630	630		16
631	631		17
632	632		18
633	633		19
634	634		20
635	635		21
636	636		22
637	637		23
638	638		24
639	639		1
640	640		2
641	641		3
642	642		4
643	643		5
644	644		6
645	645		7
646	646		8
647	647		9
648	648		10
649	649		11
650	650		12
651	651		13
652	652		14
653	653		15
654	654		16
655	655		17
656	656		18
657	657		19
658	658		20
659	659		21
660	660		22
661	661		23
662	662		24
663	663
664	664		of subsection C of this section shall submit an application
665	665		prescribed by the Commission to receive the credit in two
666	666		installments, each of which shall be half of the expected amount of
667	667		tuition and fees for the private school ba sed on the enrollment
668	668		verification form submitted pursuant to this subsection, but in no
669	669		event shall an installment payment exceed the amount of the credit
670	670		authorized by paragraph 1 of subsection C of this section.
671	671		Provided, if the credit is for an eligib le student who only attends
672	672		one semester of the school year, the credit shall be received in on e
673	673		installment which shall be an amount equal to the expected amount of
674	674		tuition and fees for the semester, but in no event shall the
675	675		installment payment exceed ha lf the amount of the credit authorized
676	676		by paragraph 1 of subsection C of this section. If an eligible
677	677		taxpayer provides documentation on the application that he or she is
678	678		a recipient of income -based government benefits including the
679	679		Supplemental Nutrition Assistance Program (SNAP), Temporary
680	680		Assistance for Needy Families (TANF), or SoonerCare, the eligible
681	681		taxpayer shall not be required to provide additional income
682	682		verification. A taxpayer claiming the credit authorized by
683	683		paragraph 1 of subsection C of t his section shall submit to the
684	684		Commission an enrollment verification form fro m the private school
685	685		in which the eligible student is enrolled or is expected to enroll
686	686		with the tuition and fees to be charged the taxpayer for the
687	687		applicable school year. In r eviewing applications submitted by
688	688
689	689
690	690		Req. No. 715 Page 10 1
691	691		2
692	692		3
693	693		4
694	694		5
695	695		6
696	696		7
697	697		8
698	698		9
699	699		10
700	700		11
701	701		12
702	702		13
703	703		14
704	704		15
705	705		16
706	706		17
707	707		18
708	708		19
709	709		20
710	710		21
711	711		22
712	712		23
713	713		24
714	714		1
715	715		2
716	716		3
717	717		4
718	718		5
719	719		6
720	720		7
721	721		8
722	722		9
723	723		10
724	724		11
725	725		12
726	726		13
727	727		14
728	728		15
729	729		16
730	730		17
731	731		18
732	732		19
733	733		20
734	734		21
735	735		22
736	736		23
737	737		24
738	738
739	739		eligible taxpayers to determine whether they qualify for a credit
740	740		authorized by paragraph 1 of subsection C of this section, the
741	741		Commission shall give first preference in making installments to
742	742		taxpayers who qualify pursu ant to subparagraphs a and b of paragraph
743	743		1 of subsection C of this section. For credits issued in the 2025 -
744	744		2026 school year and subsequent school years, the application period
745	745		shall open on February 15 prior to the beginning of each school
746	746		year. For any eligible student whose parents or legal guardians
747	747		have a combined adjusted gross income that does not exceed One
748	748		Hundred Fifty Thousand Dollars ($150,000.00), applications shall be
749	749		submitted to the Commission within the first sixty (60) days of the
750	750		opening of the application period to receive priority consideration.
751	751		For students enrolled in the full school year, the credit shall be
752	752		paid in two installments, one per school semester, to be paid no
753	753		later than August 30 and January 15, each of which shall be half of
754	754		the total expected amount of tuition and fees on the enrollment
755	755		verification form submitted pursuant to this subsection.
756	756		F. In the event there are more applications submitted by
757	757		eligible taxpayers for a credit authorized by paragraph 1 of
758	758		subsection C of this section than available credits pursuant to
759	759		subsection D of this s ection, then the Commission shall give first
760	760		preference in authorizing credits for eligible students of taxpayers
761	761		who qualify pursuant to subparagraphs a and b of paragraph 1 of
762	762
763	763
764	764		Req. No. 715 Page 11 1
765	765		2
766	766		3
767	767		4
768	768		5
769	769		6
770	770		7
771	771		8
772	772		9
773	773		10
774	774		11
775	775		12
776	776		13
777	777		14
778	778		15
779	779		16
780	780		17
781	781		18
782	782		19
783	783		20
784	784		21
785	785		22
786	786		23
787	787		24
788	788		1
789	789		2
790	790		3
791	791		4
792	792		5
793	793		6
794	794		7
795	795		8
796	796		9
797	797		10
798	798		11
799	799		12
800	800		13
801	801		14
802	802		15
803	803		16
804	804		17
805	805		18
806	806		19
807	807		20
808	808		21
809	809		22
810	810		23
811	811		24
812	812
813	813		subsection C of this section and have received the credit in the
814	814		prior year.
815	815		G. Taxpayers claiming the credit shall:
816	816		1. Only claim the credit for qualified expenses as defined in
817	817		paragraphs 6 and 7 of subsection A of this section to provide an
818	818		education for an eligible student;
819	819		2. Ensure no other person is claiming a credit for t he eligible
820	820		student;
821	821		3. Not claim the credit for an eligible student who enrolls as
822	822		a full-time student in a public school district, public charter
823	823		school, public virtual charte r school, or magnet school;
824	824		4. Comply with rules and requirements established by the
825	825		Commission for administration of the Oklahoma Parental Choice Tax
826	826		Credit Program; and
827	827		5. Notify the Commission not later than thirty (30) days after
828	828		the date on which th e eligible student:
829	829		a. enrolls in a public school, including an open -
830	830		enrollment charter school,
831	831		b. enrolls in a nonaccredited private school,
832	832		c. graduates from high school, or
833	833		d. is no longer utilizing credits authorized by paragraph
834	834		1 of subsection C of t his section for any reason.
835	835		H. Eligible students may accept a scholarship from the Lindsey
836	836		Nicole Henry Scholarships for Students with Disabilities Program
837	837
838	838
839	839		Req. No. 715 Page 12 1
840	840		2
841	841		3
842	842		4
843	843		5
844	844		6
845	845		7
846	846		8
847	847		9
848	848		10
849	849		11
850	850		12
851	851		13
852	852		14
853	853		15
854	854		16
855	855		17
856	856		18
857	857		19
858	858		20
859	859		21
860	860		22
861	861		23
862	862		24
863	863		1
864	864		2
865	865		3
866	866		4
867	867		5
868	868		6
869	869		7
870	870		8
871	871		9
872	872		10
873	873		11
874	874		12
875	875		13
876	876		14
877	877		15
878	878		16
879	879		17
880	880		18
881	881		19
882	882		20
883	883		21
884	884		22
885	885		23
886	886		24
887	887
888	888		created by Section 13 -101.2 of this title while participating in the
889	889		Oklahoma Parental Choice Tax C redit Program.
890	890		I. 1. The Commission shall have the authority to conduct an
891	891		audit or contract for the auditing of receipts for qualified
892	892		expenses submitted pursuant to paragraph 2 of subsection C of this
893	893		section.
894	894		2. The Commission shall be authorized to recapture the credits
895	895		otherwise authorized by the provisions of the Oklahoma Parental
896	896		Choice Tax Credit Act on a prorated basis if an audit conducted
897	897		pursuant to this subsection shows that the credit was claimed for
898	898		expenditures that were not qualified exp enses or it finds that the
899	899		taxpayer has claimed an eligible student who no lon ger attends a
900	900		private school or has enrolled in a public school in the state.
901	901		Provided, the Commission shall not be authorized to recapture the
902	902		credits for an eligible student for the sole reason that the student
903	903		no longer attends a private school or has enrolled in a public
904	904		school in this state, if the student completes at least one semester
905	905		of the school year at a private school as an eligible student.
906	906		3. The Commission shall be authorized to reallocate credits to
907	907		the next eligible taxpayer in line when a taxpayer, on behalf of an
908	908		eligible student in the program, chooses not to participate, is no
909	909		longer eligible to participate, or chooses to forgo participation in
910	910		the program for any reason.
911	911
912	912
913	913		Req. No. 715 Page 13 1
914	914		2
915	915		3
916	916		4
917	917		5
918	918		6
919	919		7
920	920		8
921	921		9
922	922		10
923	923		11
924	924		12
925	925		13
926	926		14
927	927		15
928	928		16
929	929		17
930	930		18
931	931		19
932	932		20
933	933		21
934	934		22
935	935		23
936	936		24
937	937		1
938	938		2
939	939		3
940	940		4
941	941		5
942	942		6
943	943		7
944	944		8
945	945		9
946	946		10
947	947		11
948	948		12
949	949		13
950	950		14
951	951		15
952	952		16
953	953		17
954	954		18
955	955		19
956	956		20
957	957		21
958	958		22
959	959		23
960	960		24
961	961
962	962		4. The Commission shall provide notification of approval status
963	963		to applicants within thirty (30) days of closure of the application
964	964		window. Notice to applicants with an eligible student, whose
965	965		parents or legal guardians have a combined adj usted gross income of
966	966		more than One Hundred Fifty Thousand Dollars ($150,000.0 0), shall be
967	967		sent within thirty (30) days or no later than thirty (30) days after
968	968		the last day of the priority consideration period.
969	969		J. In the event of a failure of revenue purs uant to the
970	970		Oklahoma State Finance Act, the tax credits otherwise authorized in
971	971		subsection C of this section shall be reduced proportionately to the
972	972		reduction in the amount of money appropriated to the State Board of
973	973		Education for the financial support of public schools for the fiscal
974	974		year in which the failure of revenue occurs.
975	975		K. The Commission shall make available on its website to be
976	976		updated monthly:
977	977		1. The total amount of credits claimed each year pursuant to
978	978		paragraphs 1 through 4 of subsection C of this section;
979	979		2. The amount of credits claimed and number of students awarded
980	980		each fiscal year pursuant to paragraph 1 of subsection C of this
981	981		section disaggregated by income categories;
982	982		3. The total amount of credits claimed and number of students
983	983		awarded who attended a public school in the semester immediately
984	984		preceding the school year for which the application is made each
985	985		year; and
986	986
987	987
988	988		Req. No. 715 Page 14 1
989	989		2
990	990		3
991	991		4
992	992		5
993	993		6
994	994		7
995	995		8
996	996		9
997	997		10
998	998		11
999	999		12
1000	1000		13
1001	1001		14
1002	1002		15
1003	1003		16
1004	1004		17
1005	1005		18
1006	1006		19
1007	1007		20
1008	1008		21
1009	1009		22
1010	1010		23
1011	1011		24
1012	1012		1
1013	1013		2
1014	1014		3
1015	1015		4
1016	1016		5
1017	1017		6
1018	1018		7
1019	1019		8
1020	1020		9
1021	1021		10
1022	1022		11
1023	1023		12
1024	1024		13
1025	1025		14
1026	1026		15
1027	1027		16
1028	1028		17
1029	1029		18
1030	1030		19
1031	1031		20
1032	1032		21
1033	1033		22
1034	1034		23
1035	1035		24
1036	1036
1037	1037		4. The total number of applications denied and total amount of
1038	1038		credits the denied applications represent for each fisca l year.
1039	1039		L. Credits received pursuant to the Oklahoma Parental Choice
1040	1040		Tax Credit Act shall not constitute taxable income to a taxpayer who
1041	1041		received the credit on behalf of an eligible student.
1042	1042		SECTION 2. This act shall become effective Nov ember 1, 2025.
1043	1043
1044	1044		60-1-715 QD 1/14/2025 10:11:45 PM