Education; Oklahoma Equal Opportunity Education Scholarship Act; adding grants; definition of a scholarship-granting organization; defining capital improvement grant; information to be submitted to Tax Commission; effective date; emergency.

Summary

The bill adds a 50% tax credit, up to set caps, for individuals and businesses that donate to approved scholarship‑granting or school‑improvement groups, and a 75% credit if they pledge to give the same amount next year. It also obligates those organizations to submit audited financial statements and program results to the Oklahoma Tax Commission every two years. The changes aim to encourage private support of education while increasing transparency.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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