Victory christian schoolYou have a choice, choose Victory!
Oklahoma Parental Choice Tax Credit Act is live!
UPDATE – As of 11/30/23
We have just received the following information from the Oklahoma Tax Commission.
With respect to the Oklahoma Tax Commission’s (OTC) implementation of the Parental Choice Tax Credit program, we have decided to delay the application start date from Friday, December 1 @ 8:30am to Wednesday, December 6 @ 2:00 pm. The 60-day priority period will now extend through Monday, February 5, 2024.
We have experienced some obstacles in ensuring a seamless rollout of the Parental Choice Tax Credit program. Due to the popularity of the program, it is imperative that everyone be given the opportunity to have the best possible experience on the day the Taxpayer application opens. Although the majority of parents have received their Enrollment Verification Forms, and are ready to apply, we do have parents who have not received their form as of close of business Thursday, November 30. We continue to work diligently to resolve all unanticipated complications and will continue to do so.
The decision to delay the application start date was not made lightly. Despite being disappointed with the delay, we believe this adjustment is necessary to establish a “fair playing field” for all Taxpayers, since having the Enrollment Verification Form is a required part of the application process. This is critical, given the fact the OTC may only authorize $150 million of tax credits for tax year 2024. We do not anticipate that postponement of the application start date will delay disbursement of the first installment payments.
We sincerely apologize to those who have been impacted by this unforeseen delay. Since beginning this implementation, our goal has been to simplify the experience for both taxpayers and schools. Although delaying the application start date does not meet our goal in the short term, we firmly believe it will ensure a fair and transparent experience for all.
Thank you for your patience, and we look forward to your continued participation in the Parental Choice Tax Credit Program.
If you have questions, please contact us at (918) 554-5440 or firstname.lastname@example.org.
UPDATE – As of 11/27/23
If you would like to take advantage of the Parental Choice Tax Credit in 2024, but have not yet completed your enrollment, please fill out the form available here: VCS Enrollment Interest Form
UPDATE – As of 11/07/23
The Parental Choice Tax Credit website is live. Visit the site HERE.
VCS has completed our School Registration Form with the Oklahoma Tax Commission, and we will be working on your Enrollment Verification Forms as soon as they are made available to us. We will communicate with you as soon as they are ready.
We are excited about the Oklahoma Parental Choice Tax Credit Act that Governor Stitt signed into law. We agree that putting educational funds into the hands of parents so that they can make the best choices for their children is the best way to fund education in Oklahoma.
While many of the details have not yet been determined, we do know the following:
- This is a refundable tax credit. Funds will be paid to parents to use for educational tuition and fees.
- The amount you receive per child is based on your household income:
- $7500 for below $75,000
- $7000 for $75,000 – $150,000
- $6500 for $150,000 – $225,000
- $6000 for $225,000 – $250,000
- $5000 for over $250,000
- This begins in the 2024 tax year.
- ·There is a cap on distributed funds each year, with preference given to families with lower incomes.
- $150 million in 2024
- $200 million in 2025
- $250 million in 2026
- Funds will be paid to taxpayers in 2 disbursements (dates not released)
School Choice at VCS FAQ's
Will VCS make classroom sizes larger?
No. We are committed to maintaining the same classroom sizes you have seen at VCS.
Do I need to do anything now?
There is nothing additional you need to do now. We will notify you when we know what steps you need to take.
Will this change the culture of VCS?
No. We are committed to upholding the Mission of VCS to train students, spiritually, academically, and physically through a Biblical worldview to fulfill the Great Commission in every sphere of influence.
- TRAIN: Live by the Word of God
- PREPARE: Led by the Spirit of God
- EQUIP: Love others/Fulfill Great Commission
The vision of Victory Christian School is to provide a place to train, prepare, and equip young people to take the ministry of Jesus to the ends of the earth, whether it is as a preacher, pastor, evangelist, prophet, apostle, teacher, or as a nurse, technician, educator, or businessperson.