Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
2 1st Session of the 60th Legislature (2025)
3 HOUSE BILL 1407 By: Provenzano
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5
6 AS INTRODUCED
7 An Act relating to schools; creating requirements
under the Oklahoma Parental Choice Tax Credit Act;
8 requiring certain taxpayers and private schools to
submit an annual report to the Oklahoma Tax
9 Commission; prescribing minimum contents of report;
providing for a standardized reporting form;
10 establishing deadline for report submission; allowing
penalties for failure to report; permitting audits
11 and investigations; authorizing Commission to
promulgate rules; providing for codification; and
12 providing an effective date.
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15 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
16 SECTION 1. NEW LAW A new section of law to be codified
17 in the Oklahoma Statutes as Section 28-104 of Title 70, unless there
18 is created a duplication in numbering, reads as follows:
19 A. Any taxpayer receiving an income tax credit or private
20 school accepting students whose tuition is funded fully or partially
21 from tax credits pursuant to the Oklahoma Parental Choice Tax Credit
22 Act shall submit an annual report to the Oklahoma Tax Commission
23 detailing the allocation and expenditure of Oklahoma Parental Choice
24 Tax Credit dollars received.
Req. No. 11246 Page 1
1 B. The annual report shall include, but not be limited to:
2 1. A detailed breakdown of how the tax credit dollars were
3 allocated and spent, including a description of expenses and their
4 respective amounts; and
5 2. An explanation and rationale for the use of the tax credit
6 funds, demonstrating their direct impact on educational programs,
7 facilities, or resources.
8 C. The Commission shall provide a standardized reporting form
9 for taxpayers and private schools to use in submitting the annual
10 reports required by subsection A of this section. The annual report
11 shall be submitted to the Commission no later than thirty (30) days
12 following the end of the tax year for which the tax credits were
13 received. Failure to submit the annual report prior to the deadline
14 may result in penalties as established by the Commission.
15 D. The Commission may audit or investigate taxpayers or private
16 schools subject to the requirements of this act to ensure compliance
17 with the reporting requirements of the act.
18 E. The Commission may promulgate rules to implement the
19 provisions of this act.
20 SECTION 2. This act shall become effective November 1, 2025.
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22 60-1-11246 AO 12/26/24
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Req. No. 11246 Page 2Every fact on this page links to its source, starting with the official bill record.