Several bills relating to public and private education were considered by the Senate during the last week of floor consideration.
Probably the most contentious debated education bill was SB 407, which relates to increasing the tax credit amount directed to provide scholarships from $5 million to $20 million for Oklahoma students to attend a K-12 accredited private school.
Tax credits directly reduce the taxes you pay on a dollar-for-dollar basis. An Oklahoma state income tax credit is like a gift card from the State of Oklahoma that you can use in exchange for paying your income taxes. For example, with a $1,000 tax credit from the State of Oklahoma, you do not pay the percentage of $1,000 in state income taxes.