Okla. Stat. tit. 70, § 70-1-122: Contributions to Public School Classroom Support

Revolving Fund – Tax forms.

A. Each individual taxpayer required to file a state income tax

return and each corporation required to file a corporate tax return

who desires to contribute to the Public School Classroom Support

Revolving Fund created in Section 1-123 of this title may designate

the contribution on the appropriate income or corporate tax form.

The contribution may not increase or decrease the income or

liability of the taxpayer and may be made by reducing the tax refund

of a taxpayer by the amount designated or by accepting additional

payment from the taxpayer by the amount designated, whichever is

appropriate.

B. 1. The Oklahoma Tax Commission shall include on each state

individual income or corporate tax return form for tax years

beginning after December 31, 2011, an opportunity for the taxpayer

to donate for the benefit of the Public School Classroom Support

Revolving Fund. The instructions accompanying the tax form shall be

provided to the Oklahoma Tax Commission by the State Superintendent

of Public Instruction and shall contain a description of the purpose

for which the Public School Classroom Support Revolving Fund was

established and information on the use of monies from the tax

contribution.

2. Taxpayers who are entitled to refunds shall have the refunds

reduced by the amount designated by the taxpayer. The Oklahoma Tax

Commission shall annually determine the total amount designated plus

the amount received in excess payments and shall report the total

amount to the Office of the State Treasurer. The State Treasurer

shall credit the total amount to the Public School Classroom Support

Revolving Fund created in Section 1-123 of this title at the

earliest possible time.

C. The incremental cost of administration of contributions

shall be paid out of the fund to the Oklahoma Tax Commission from

amounts received pursuant to this section before funds are expended

for the purposes of the fund.

D. Pursuant to Section 2368.18 of Title 68 of the Oklahoma

Statutes, the income tax checkoff contained in this section is

hereby reauthorized effective January 1, 2019.