Oklahoma Tax Commission Announces Tax Credit Cap is Exceeded for 2017

On February 15, the Oklahoma Tax Commission (OTC) notified taxpayers that, based on their calculations, the tax credits from scholarship granting organizations and education improvement granting organizations generated approximately $5.7 million of tax credits, exceeding the amount of $5.0 million available for 2017.  Based on the Oklahoma Equal Opportunity Education Act, the OTC has established the proportionate share of the credit which may be claimed by any taxpayer so that the maximum credits authorized are not exceeded. For tax year…

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  • February 21, 2018

Opportunity Scholarship Fund Awards Three $15,000 Scholarships

OKLAHOMA CITY (February 2, 2018) – Three Oklahoma families now have $15,000 scholarships for their child to attend an accredited OSF private school. The Opportunity Scholarship Fund (OSF), a scholarship granting organization for Oklahoma K-12 students, presented the scholarships at the Oklahoma School Choice Summit and Expo last week. Kristin Deras, Danielle Hernandez and Rashell Sey each won a scholarship for one of their children. “I’m speechless. We are so happy,” said Rashell Sey, one of the scholarship recipients. “My…

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  • February 2, 2018