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AL HB97
Bill
Status
Introduced
3/3/2015
Primary Sponsor
Danny Garrett
Click for details
AI Summary
- Establishes a state income tax credit for eligible educators beginning with the 2015 tax year for qualified out-of-pocket expenses on school supplies.
- Tax credit amount equals qualifying expenditures allowed as a deduction under federal income tax law, with a maximum cap of $250 per educator per tax year.
- Defines "eligible educator" and "qualifying expenses" using the same meanings as provided by federal law.
- Department of Revenue must promulgate rules to implement and administer the tax credit.
- Act becomes effective immediately upon passage and approval by the Governor.
Legislative Description
Tax credit, income tax credit for expenses of school supplies for eligible educators
Taxation
Last Action
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
3/3/2015
Committee Referrals
Ways and Means Education3/3/2015
Full Bill Text
No bill text available