This bill amends the individual income tax laws in Arkansas to create a tax exemption specifically for teachers. It introduces a new section, 26-51-317, which defines a "teacher" as an individual engaged in student instruction in kindergarten through grade twelve (K-12) for more than 70% of their contracted time and employed by either a public school or an open-enrollment charter school in a teaching capacity that requires a license. The bill allows for an income tax exemption on the first $50,000 of wages received by eligible teachers.

Additionally, the bill specifies that this exemption will be effective for tax years beginning on or after January 1, 2025. This legislative change aims to provide financial relief to teachers, recognizing their essential role in education and supporting their contributions to the community.