SB1776

Oklahoma SB1776 provides a tax credit for teachers who have taught for eight consecutive years in a school district.

Oklahoma SB1776 introduces a tax credit for teachers who have completed eight consecutive years of service in a school district. The credit is set at Ten Thousand Dollars ($10,000.00) for tax year 2027 and subsequent years. The Oklahoma Tax Commission can audit eligibility and recapture credits if a teacher becomes ineligible. The credit is refundable if it exceeds the tax imposed. The act becomes effective November 1, 2026.