Income tax credit; relating to the Oklahoma Parental Choice Tax Credit Act; modifying tax years for which certain annual credit limit is enforced; prescribing procedure for enforcement of annual limit. Effective date. Emergency.

Header and title page formatting changed from 'Committee Substitute' to 'House of Representatives - Floor Version' and 'Engrossed Senate Bill No. 684' to reflect the bill's current legislative status.

Page numbering and document metadata updated to reflect House Floor version with new page numbering sequence.

Added note indicating 'BOLD FACE denotes Committee Amendments' to help legislators identify changes made during committee review.

The document title was changed from 'CONFERENCE COMMITTEE SUBSTITUTE' to 'COMMITTEE SUBSTITUTE', indicating the bill was returned to committee for further review rather than being finalized in conference.

Page numbering and request numbers were updated to reflect the new document version, with page numbers changing from 1-4 to 1-4 and request numbers changing from 2115 to 1774.

The sponsor attribution was simplified from 'Paxton and Daniels of the Senate' and 'Hilbert and Pittman of the House' to just 'Paxton', indicating a change in how sponsors are listed.

Document formatting and page numbering were reorganized to reflect conference committee substitute format with new page headers and line numbering.

Bill title and sponsor information were restructured to indicate this is a conference committee substitute rather than the enrolled version.

Act summary text was reformatted with different indentation and line breaks but contains identical policy language.

Statutory amendment sections were reorganized with new page breaks and formatting while preserving all substantive legal text.

Added new Section 1 requiring the Oklahoma Tax Commission to prepare and maintain a searchable online list of taxpayers who have claimed any tax credit administered by the Tax Commission, including taxpayer names, credit amounts, and statutory provisions.

Added requirement for the Tax Commission to maintain a separate list identifying persons and entities that may claim credits based on pass-through federal income tax treatment for qualified investments in small business capital companies.

Modified the list maintenance requirements to explicitly exclude the Parental Choice Tax Credit (Section 28-101) from public disclosure, protecting taxpayer privacy for this specific program.

Updated bill sponsor list to include Pittman as a House co-sponsor and added 'Seifried' to Senate sponsors in the enrolled version.

Updated the bill description to reflect the new accreditation compliance date provision for currently participating private schools.

Added new definitions for 'qualified expense' to include nonpublic learning programs, academic tutoring services, textbooks, curriculum materials, and fees for nationally standardized assessments.

Adjusted credit amounts based on income levels: $7,500 for AGI up to $75,000, $7,000 for AGI between $75,000-$150,000, and $6,500 for AGI between $150,000-$220,000.

Expanded eligible student definition to include students educated through other means of education exceptions provided in Section 10-105 of the title.

Reorganized bill structure from House Amendment to Senate Bill format and corrected page numbering and formatting throughout the document.

Removed requirement for accreditation compliance date for currently participating private schools from the summary description.

Added House coauthor Pittman to the bill

Added new definition for 'accrediting association' to clarify which organizations qualify for the tax credit program

Modified several existing definitions including 'Curriculum', 'Department', 'Education service provider', 'Eligible student', 'Qualified expense', and 'Taxpayer'

Updated annual credit limit amounts and income thresholds for determining credit eligibility

Added requirement for participating private schools to provide certain information to the Oklahoma Tax Commission

Added requirement for Department of Human Services and Oklahoma Health Care Authority to verify applicant claims upon request

Added accreditation compliance date requirements for currently participating private schools

Updated bill title to reflect all substantive changes including new definitions, verification requirements, and compliance dates