Oklahoma HB3704 allows the state to participate in the federal income tax credit for contributions to scholarship granting organizations.
Oklahoma HB3704 elects the State of Oklahoma to participate in the federal income tax credit for individual contributions to scholarship granting organizations. The bill designates the Oklahoma Tax Commission as the state agency responsible for identifying and registering Scholarship Granting Organizations, maintaining a list of qualified organizations, and performing reporting to the Secretary of the Treasury.
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