Oklahoma SB229 modifies the Oklahoma Parental Choice Tax Credit Act, adjusting credit limits, preference requirements, and reallocation rules.
Oklahoma SB229 amends the Oklahoma Parental Choice Tax Credit Act by modifying the annual credit limit for certain years, changing the preference requirement for authorizing credits, and requiring certain credit reallocation by the Oklahoma Tax Commission. The bill sets specific credit amounts based on the income of the parents or legal guardians of eligible students and the type of private school attended.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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