OK HB1315

Amends 68 O.S. 2011, Section 2358 to add a new income tax exemption for health care insurance premium payments beginning January 1, 2014

Allows single taxpayers to exempt up to $4,000 annually and married couples filing jointly to exempt up to $6,000 annually from Oklahoma taxable income

Exemption applies only to premiums paid directly by the taxpayer that are not paid for or reimbursed by an employer or other person/entity

Coverage must be for the taxpayer, spouse, or children (including adopted children) to qualify for the exemption