HB1395

Oklahoma HB1395 amends the Oklahoma Parental Choice Tax Credit Act, modifying website requirements and setting credit limits.

Oklahoma HB1395 amends the Oklahoma Parental Choice Tax Credit Act, modifying website requirements for the Oklahoma Tax Commission and setting limits on the total amount of credits authorized. The bill establishes the Oklahoma Parental Choice Tax Credit Program, providing an income tax credit for qualified education expenses. It defines "qualified expense" and sets income-based credit limits for eligible students. The bill also outlines application procedures, notification requirements, and conditions for credit reallocation and refunds.