OKLAHOMA CITY – Rep. Chad Caldwell, R-Enid, on Tuesday highlighted strong early demand for the Parental Choice Tax Credit (PCTC) program following the opening of the application window for the 2026–27 school year. “The Oklahoma Tax Commission reports nearly 27,000 applications for the upcoming school year were submitted on the first day alone,” Caldwell said. “That represents almost 70 percent of the total applications received for the current school year. This level of demand underscores how strongly Oklahoma families value this program and reinforces the need to expand its funding so more parents can access educational options that best meet their children’s needs.” Caldwell is the author of House Bill 3705 , which would increase the annual cap on tax credits for private school students to $300 million. The measure also includes a growth mechanism: if total credits claimed in a given year reach at least 90 percent of the cap, the cap would automatically increase by $50 million in the following year. House Bill 3705 is eligible for consideration on the House Floor. It already passed both the House Appropriations and Budget Education Subcommittee, which Caldwell chairs, and the full House Appropriations and Budget Committee. The Parental Choice Tax Credit program was established through House Bill 1934 in 2023. The program provides families with greater flexibility to choose educational settings that best suit their children. Under the program’s tiered structure, eligible families may receive refundable tax credits ranging from $5,000 to $7,500 per student for private school tuition, depending on household income. Additionally, families who homeschool may qualify for a $1,000 per-student tax credit for approved educational expenses. Currently, tax credits for private school expenses are capped at $250 million annually, while homeschooling credits are capped at $5 million per year. The program is administered by the Oklahoma Tax Commission, which opened applications for the 2026–27 school year on March 16. The application period closes at 11:59 p.m. on Monday, June 15. Applicants are strongly encouraged to submit all required documentation before the deadline to ensure consideration. More information, including application guidance and eligibility details, is available on the Oklahoma Tax Commission’s website: https://oklahoma.gov/tax/individuals/parental-choice-tax-credit.html