ENGR. S.B. No. 93 - Summary

• Amends Section 2358 of Oklahoma's income tax law to add a new exemption for classroom teachers with current Oklahoma State Board of Education certification employed full-time by public schools in the state.

• Allows qualifying teachers to exempt 25% of income earned from their teaching employment from Oklahoma state taxable income for tax years beginning after December 31, 2015.

• Deduction applies only to income earned directly from classroom teaching employment, not other sources of income for the same individual.

• Becomes effective November 1, 2015, and applies to tax years beginning after December 31, 2015.