Oklahoma HB3677 amends the Oklahoma Parental Choice Tax Credit Program, setting credit limits and requiring the Oklahoma Tax Commission to publish.
Oklahoma HB3677 modifies the Oklahoma Parental Choice Tax Credit Program by setting an annual credit limit of $5 million. The bill also requires the Oklahoma Tax Commission to annually calculate and publish a percentage reduction for credits to ensure the total does not exceed the annual limit. Additionally, the bill mandates the Commission to publish monthly updates on its website, including the total amount of credits claimed, the number of students awarded, and the total number of denied applications and their corresponding credit amounts. The bill becomes effective November 1, 2026.
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- Critical Issues
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