This bill amends the Oklahoma Parental Choice Tax Credit Act to enhance the tax credit program for eligible students attending private schools or utilizing other educational services. Key modifications include the requirement for the Oklahoma Tax Commission to update its website monthly with detailed information about the credits claimed, including totals disaggregated by individual private schools and homeschools, as well as the amount of credits claimed and the number of students awarded by income categories. The bill also specifies that credits received under this act will not be considered taxable income for the taxpayer.

Additionally, the bill outlines the maximum credit amounts available based on the income of the parents or legal guardians of eligible students, with specific amounts set for different income brackets. It establishes a framework for the administration of the credits, including application processes, priority considerations for low-income families, and provisions for audits and recapturing credits if they were improperly claimed. The effective date for these changes is set for November 1, 2025.