Stitt celebrates launch of Oklahoma tax credit program for private schools

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Oklahoma Gov. Kevin Stitt celebrated the launch of the Oklahoma Parental Choice Tax Credit program last week.

According to a press release from the governor’s office, Stitt also revealed the Oklahoma Tax Commission received over 30,000 submissions within the first 90 minutes of launch. OTC, alongside its operational partner Merit, began accepting applications on Dec. 6.

Stitt

To date, approximately 140 accredited schools have been registered to participate.

“I’m elated that parents and students are taking advantage of the most transformative change to Oklahoma’s education system in decades,” Stitt, a Republican, stated. “School choice should be for everyone, not just the rich. What we’ve accomplished is a victory for students and a step towards true education freedom. It is amazing to see the demand for this program, and I hope the legislature will consider ways to allow more families to apply for this tax credit in the future. I applaud the team at the Oklahoma Tax Commission for a successful rollout, and I look forward to cheering on students as they enroll in a new era of educational excellence in our state.”

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Signed into law by Stitt in May, the Parental Choice Tax Credit program gives parents more control over how and where their children are educated, the press release added. The program gives Oklahoma parents up to $7,500 per tax year for private school expenses, tuition and fees, and parents who homeschool their child qualify for a $1,000 tax credit.

The Oklahoma Tax Commission will give priority consideration to applicants with a household income under $150,000 Adjusted Gross Income and there are no fees to apply. To receive priority consideration, taxpayers must submit their applications on or before Feb. 5.

Stitt’s full press release can be read here.

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