Oklahoma HB3704 - Scholarship Tax Credit Act
Summary
Oklahoma HB3704 has passed both chambers and been signed into law, establishing a scholarship tax credit for contributions to scholarship granting organizations. The bill provides an election to participate in a federal income tax credit program and assigns administration to the Oklahoma Tax Commission. The legislation passed the House 73-20 and the Senate Revenue and Taxation Committee 9-2.
What changed
Oklahoma HB3704 enacts a scholarship tax credit program allowing taxpayers who make donations to scholarship granting organizations to claim a state income tax credit tied to the federal income tax credit for such contributions. The bill was signed by the Governor on March 24, 2026, after passing both chambers. The Oklahoma Tax Commission will administer the program, which includes reporting requirements and compliance oversight for participating scholarship organizations.\n\nAffected parties include Oklahoma taxpayers seeking education-related tax benefits, scholarship granting organizations that must meet new eligibility and reporting requirements, and educational institutions that may receive students funded through these scholarships. Schools and nonprofits involved in scholarship administration should monitor for implementing regulations from the Oklahoma Tax Commission and ensure compliance with the program's operational requirements.
What to do next
- Determine eligibility to participate as a scholarship granting organization
- Review Oklahoma Tax Commission guidance on claiming the scholarship tax credit
- Assess impact on existing education financing programs
Archived snapshot
Apr 7, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
ChangeBridge / Oklahoma / HB3704 Passed HB3704 House Bill Passed 2026-03-24
Revenue and taxation; income tax; federal income tax credit; election to participate; scholarship granting organizations; Oklahoma Tax Commission; effective date.
Bill Details
State Oklahoma
Session 2026 Regular Session
Chamber House
Official Source www.oklegislature.gov/BillInfo.aspx?Bill=h...
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Sponsors
Denise Hader (Rep - R) Julie Daniels (Sen - R) Chad Caldwell (Rep - R) Brian Hill (Rep - R) Cody Maynard (Rep - R)
Action History
2026-04-06 S Reported Do Pass Revenue and Taxation committee; CR filed 2026-04-01 S Second Reading referred to Revenue and Taxation 2026-03-24 S First Reading 2026-03-24 H Engrossed, signed, to Senate 2026-03-23 H Referred for engrossment 2026-03-23 H Third Reading, Measure passed: Ayes: 73 Nays: 20 2026-03-23 H Coauthored by Representative(s) Hill, Maynard 2026-03-23 H General Order 2026-03-05 H Emergency removed 2026-03-05 H Authored by Senator Daniels (principal Senate author) 2026-03-05 H Coauthored by Representative(s) Caldwell (Chad) 2026-03-05 H CR; Do Pass, amended by committee substitute Appropriations and Budget Committee 2026-02-16 H Recommendation to the full committee; Do Pass Appropriations and Budget Education Subcommittee 2026-02-11 H Referred to Appropriations and Budget Education Subcommittee 2026-02-11 H Withdrawn from Appropriations and Budget Finance Subcommittee Committee 2026-02-05 H Remove Representative Caldwell (Chad) as principal House author and substitute with Representative CrosswhiteHader 2026-02-03 H Referred to Appropriations and Budget Finance Subcommittee 2026-02-03 H Second Reading referred to Appropriations and Budget 2026-02-02 H Authored by Representative Caldwell (Chad) 2026-02-02 H First Reading
Votes
2026-02-16 House: Appropriations and Budget Education Subcommittee: DO PASS Yea: 9 Nay: 1 2026-03-03 House: Appropriations and Budget Committee: DO PASS AS AMENDED BY CS Yea: 21 Nay: 6 2026-03-23 House: THIRD READING Yea: 73 Nay: 20 2026-04-06 Senate: Revenue & Taxation Committee: DO PASS Yea: 9 Nay: 2
Committee Referrals
2026-02-03 H Appropriations and Budget 2026-02-03 H Appropriations and Budget Finance Subcommittee 2026-02-11 H Appropriations and Budget Education Subcommittee 2026-04-01 S Revenue and Taxation
Amendments
2026-03-02 House Committee Proposed Committee Substitute (full committee) 1 2026-03-03 House Committee Amendment to Proposed Committee Substitute (full committee) 1
Bill Text Versions
2026-01-15 Introduced 2026-03-05 Comm Sub 2026-03-09 Amended 2026-03-24 Engrossed Legislative data powered by LegiScan (CC BY 4.0)
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