Income tax; providing credit for certain miles commuted to workplace. Effective date.

SB 342 creates an Oklahoma income tax credit for individual taxpayers who commute to work. It applies to employees living at their primary residence and working at the same workplace for the entire tax year, with a minimum commute of 2 miles each way. The credit equals 240 multiplied by daily commute miles (capped at 40 miles) and the IRS standard mileage rate for that year, refunding any excess over the tax owed. The credit is claimed using a state form and applies to tax years starting in 2026.