Oklahoma legislation · 2026 Regular Session
Oklahoma HB3590: Revenue and taxation; Oklahoma Equal Opportunity Education Scholarship Act; eligibility; removing federal law reference; authorizing payment be made via secure electronic funds transfer; effective date.
Status: Signed into law, May 6, 2026
What the bill says
An Act relating to revenue and taxation; amending 68 O.S. 2021, Section 2357.206, as amended by Section 1, Chapter 49, O.S.L. 2022 (68 O.S. Supp. 2025, Section 2357.206), which relates to the Oklahoma Equal Opportunity Education Scholarship Act; modifying definition of eligible student; removing federal law reference and replacing with Oklahoma authority; modifying definition of low-income eligible student; authorizing scholarship payments to be made via secure electronic funds transfer; modifying definition of annual revenue…
From the enrolled text, April 29, 2026:
An Act relating to revenue and taxation; amending 68 O.S. 2021, Section 2357.206, as amended by Section 1, Chapter 49, O.S.L. 2022 (68 O.S. Supp. 2025, Section 2357.206), which relates to the Oklahoma Equal Opportunity Education Scholarship Act; modifying definition of eligible student; removing federal law reference and replacing with Oklahoma authority; modifying definition of low-income eligible student; authorizing scholarship payments to be made via secure electronic funds transfer; modifying definition of annual revenue; requiring certain annual reporting requirements to be disaggregated into certain categories; and providing an effective date. SUBJECT: Revenue and taxation SECTION 1. AMENDATORY 68 O.S. 2021, Section 2357.206, as amended by Section 1, Chapter 49, O.S.L. 2022 (68 O.S. Supp. 2025, Section 2357.206), is amended to read as follows: Section 2357.206. A. This act shall be known and may be cited as the "Oklahoma Equal Opportunity Education Scholarship Act". B. 1. Except as provided in subsection G of this section, after August 26, 2011, there shall be allowed a credit for any taxpayer who makes a contribution to an eligible scholarshipgranting organization. The credit shall be equal to fifty percent (50%) of the total amount of contributions made during a taxable year, not to exceed One Thousand Dollars ($1,000.00) for single individuals, Two Thousand Dollars ($2,000.00) for married individuals filing jointly, or One Hundred Thousand Dollars …