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 on the total amount of credits claimed, disaggregated by individual private schools and/or homeschools, as well as the number of students awarded credits and the categories of qualified expenses. The bill also specifies that the maximum credit amounts for taxpayers will vary based on their income levels, with specific amounts outlined for different income brackets.

Additionally, the bill establishes a framework for the administration of the tax 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. Overall, the bill aims to provide greater transparency and accessibility to the tax credit program while supporting educational choices for families in Oklahoma.