Oklahoma SB1391 modifies income limits for the Oklahoma Parental Choice Tax Credit and adjusts the application process.

Oklahoma SB1391 amends the Oklahoma Parental Choice Tax Credit Act by modifying income limits for eligibility and priority consideration. For the 2026-2027 school year, the income limit for priority application is set at $75,000, increasing to $150,000 for the 2027-2028 school year and subsequent years. The bill also updates the annual credit limit for tax years 2024 and beyond, with a maximum credit of $6,000 for students with parental income exceeding $250,000.

Oklahoma SB1391 modifies income limits for the Oklahoma Parental Choice Tax Credit and adjusts the application process.

Oklahoma SB1391 amends the Oklahoma Parental Choice Tax Credit Act by modifying income limits for eligibility and priority consideration. For the 2026-2027 school year, the income limit for priority application is set at $75,000, increasing to $150,000 for the 2027-2028 school year and subsequent years. The bill also updates the annual credit limit for tax years 2024 and beyond, with a maximum credit of $6,000 for students with parental income exceeding $250,000.