Refundable Tax Credit (State General Fund)
Tiered, refundable tax credit based on household income.
| Category | Annual Award |
|---|---|
| Household Income < $75k | $7,500 |
| $75k - $150k | $7,000 |
| $150k - $225k | $6,500 |
| $225k - $250k | $6,000 |
| > $250k | $5,000 |
Functions as an ESA but is structured as a universal, refundable tax credit.
The tiered credit amount based on income is a notable design feature intended to provide more support to lower-income families.
Administered by the state's Tax Commission, which is a different model from the Departments of Education or third-party platforms seen in other states.
Last Updated: 2025-10-29 | Data Quality: Good
Comprehensive analysis with legislative history, enrollment dynamics, fiscal impact debates, demographic analysis, and policy recommendations
About This Report: This comprehensive analysis was compiled from official state sources, legislative documents, and independent research organizations. All data points are verified and cited. Competing fiscal and demographic analyses are presented transparently with full source attribution.
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The Parental Choice Tax Credit Act in Oklahoma represents a significant development in education policy.As a universal program, it is open to all or nearly all K-12 students in the state.
Current Scale: The program serves N/A students with an annual budget of $200.0M.
Functions as an ESA but is structured as a universal, refundable tax credit.
The tiered credit amount based on income is a notable design feature intended to provide more support to lower-income families.
Administered by the state's Tax Commission, which is a different model from the Departments of Education or third-party platforms seen in other states.