Voucher “Tax Credit” Details, Other Bills of Note, & Advocacy

TheVoucher“TaxCredit”

HB creates the Oklahoma Parental Choice Tax Credit Act. For private school tuition and fees, the measure creates an income tax credit on a sliding scale with income caps based on adjusted gross income (AGI) of the eligible student’s household for the second preceding tax year for qualified expenses related to private school tuition and fees equal to the following:

● $ , credit: less than $ , AGI

● $ , credit: more than $ , but less than $ , AGI

● $ , credit: more than $ , but less than $ , AGI

● $ , credit: more than $ , but less than $ , AGI

● $ , credit: more than $ , AGI

The amount of the tax credit shall be equal to the private school tuition and fees or the maximum credit allowed according to the AGI of the eligible student’s household, whichever is less.

The bill also establishes a $ , . per-student income tax credit for qualified expenses related to homeschooling.

HB also caps the amount of total credits that may be claimed for private school tuition and fees:

● : $ million

● : $ million

● and subsequent tax years: $ million

OtherHighlights:

Three other bills of interest that were changed in the Senate include:

● HB that dealt with intra-district transfers, now reimburses teachers for certification tests and mentor teacher stipends.

● HB that dealt with attendance policies for virtual charter schools, now provides the maternity leave for teachers language.

● HB that dealt with a Teacher Certification Pathways Pilot, now establishes a pilot program for a literacy instructional team funded with a $ million allocation.

Advocacy:Whatcanwedo?

Nowisthetimeforyoutocontinuecommunicatingwithyour legislators. They want to hear --- and need to hear--- directly from you during these final negotiations on the education funding plan. Talkwith themabouttherealneedsforanimpactfulinvestmentthatincludes