OH SB40

Enacts new section 5747.71 establishing a nonrefundable personal income tax credit for classroom teachers who spend money on instructional materials, with a maximum credit of $100 per year.

Defines "teacher" as a classroom teacher in grades K-12 with an educator license or a person providing home instruction under state guidelines, and defines "instructional material" as material used for general classroom instruction (excluding items given solely to individual students except in home school settings).

Amends section 5747.98 to add the teacher instructional material credit to the list of credits claimed in a specific order, positioning it as the 17th credit in the claiming sequence.

Amends section 5747.08 to exclude the instructional material credit from "business credits" that pass-through entity investors must claim, ensuring individual teachers can claim it separately.

Applies the credit to taxable years beginning on or after January 1, 2009.