Income tax credit; requiring the Department of Human Services and the Oklahoma Health Care Authority verify certain claims by certain applicants; requiring certain entities submit documentation to tax commission for verification of income for parental choice tax credit. Effective date.

SB 1016 amends Oklahoma's Parental Choice Tax Credit Act to require the Department of Human Services and Oklahoma Health Care Authority to verify income claims for taxpayers seeking the credit. It also mandates that participating private schools submit documentation directly to the Oklahoma Tax Commission to verify income eligibility for families using the credit. The bill affects taxpayers who send children to accredited private schools or use alternative education methods, allowing them to claim tax credits of up to $7,500 annually based on family income levels. These verification steps aim to ensure accurate credit claims while maintaining the existing credit structure for private school tuition and related educational expenses.