Ken Luttrell Co-Sponsored (Introduced) this Legislation.
Title: Establishes a Parental Choice State Tax Credit
Vote to pass a bill that establishes a parental choice state tax credit.
Establishes Parental Choice Tax Credit Program “to provide an income tax credit to a taxpayer for qualified expenses to support the education of eligible students in this state” (Page 4).
Establishes tax credits, maximum of $5,000, for qualified expenses (Page 4).
Authorizes eligible students to “accept a scholarship from the Lindsey Nicole Henry Scholarships for Students with Disabilities Program created by Section 13-101.2 of Title 70 of the Oklahoma Statutes while participating in the Oklahoma Parental Choice Tax Credit Program” (Page 6).
Expands responsibilities of Department of Education and Tax Commission (Page 8).
Establishes effective date of July 1, 2023 (Page 10).
Title: Establishes a Parental Choice State Tax Credit