OK Senate Passes Bill to Raise Tax Credit Cap for Private Schools

The Senate on Wednesday passed a measure that would increase the cap for tax credits for those who donate to public and private schools.

Senate Bill 407, by Sen. Dave Rader, R-Tulsa, passed by a vote of 27-20 following lengthy debate over funding for public schools versus private schools.

The measure would expand the annual cap to $20 million from $5 million on tax credits available through the Oklahoma Equal Opportunity Scholarship Fund.

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