OK SB686

Increases the annual credit limitation under the Oklahoma Parental Choice Tax Credit Act by adding unused credits from prior years to the subsequent fiscal year limitation.

Removes the Commission's authority to reallocate unused credits to the next eligible taxpayer in line when a taxpayer chooses not to participate or becomes ineligible.

Allows unused credits that exceed the annual cap to roll forward to the next fiscal year instead of being reallocated to waiting applicants.

Becomes effective November 1, 2025.