Oklahoma Scholarship Fund (www.osfkids.org/donate)
HB 1693 was signed by Governor Fallin on June 3, 2015. The provisions will go into effect January 1, 2016.
The bill will now authorize an Oklahoma tax credit of 75% of the donation amount if a person commits to give the same amount for two consecutive years. But the tax credit limits remain at $1,000 for individual filers, $2,000 for joint filers, and $100,000 for businesses.
The Fund provides exciting new benefits for Oklahoma students, families, schools, and donors. The Fund emphasizes scholarship help for lower and middle-income Oklahoma students. Students and families now have more affordable school choice than ever. Accredited private schools now have a powerful tool for building tuition scholarship capacity. Participating donors and sponsors will now be eligible for generous Oklahoma tax credits. Explore our website and discover how you may benefit from this innovative program. For more information contact Donna Lofton at (580) 536-6885.