Proposed bill would reduce income taxes for teachers A recently filed bill would exempt teachers from paying state income tax on 25 percent of their income. The reduction would occur for taxable years beginning after Dec. 31, 2015. SB0093, filed by Sen. Mike Mazzei, states that the exemption will be given to individuals who have a current certificate issued by the Oklahoma Board of Education to teach any grade level from pre-kindergarten through grade 12 and is employed on a full-time basis for a school year which occurs during the taxable year by a public of private school in the state. The bill also specifies that the income available for the exemption would only include that which is earned as a teacher. Mazzei said that teacher pay has been a focus of his since his freshman year in 2004. In his first few years Mazzei said there were a few pay raises given to teachers, moving Oklahoma from ranking 49th in teacher pay to 42nd. For the full report, go to ecapitol.net
Posted on: Thu, 08 Jan 2015 21:37:13 +0000
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