Vote Smart's Synopsis:

Vote to pass a bill that establishes a parental choice state tax credit.

Highlights:

• 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).

Full Bill Text