Bill expected to be signed by Governor, will become the most expansive program in nation
OKLAHOMA CITY, Okla. – The Oklahoma House of Representatives has sent HB 1934, the Oklahoma Parental Choice Tax Credit Act, to Gov. Kevin Stitt for final approval. HB 1934 not only creates the most expansive individual K-12 tax credit in the nation’s history, but cements Oklahoma’s place at the forefront of the educational freedom movement.
The passage of the Parental Choice Tax Credit Act is just the latest example of families demanding more educational options—and the state delivering. Oklahoma has joined a growing list of states that are placing the needs of students and families first.
“Every family in Oklahoma can now decide where and how to educate their children, regardless of income or home address,” said Tom Newell, Vice President of Government Affairs, yes. every kid. “With this historic step, Oklahoma has set a strong standard for empowering families to choose the best learning environment for their children’s unique needs. Thanks to the tireless efforts of Gov. Stitt, Speaker McCall, and President Pro-Temp Treat, Oklahoma has achieved one of the nation’s most significant educational freedom victories, unlocking opportunities for families and students for generations to come. We look forward to Gov. Stitt signing this monumental legislation into law, ending the one-size-fits-all model that has governed the education system for far too long.”
Details:
The Oklahoma Parental Choice Tax Credit Act allows for a refundable personal-use tax credit that provides the following amount to parents who choose to send their children to private school or charter school:
- $7,500 per student in households earning under $75,000
- $7,000 per student in households earning between $75,000 and $100,000
- $6,500 per student in households earning between $150,000 and $225,000
- $6,000 per student in households earning between $225,000 and $250,000
- $5,000 per student in households earning over $250,000
The bill also allows for $1,000 per child for parents who choose to homeschool.
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