AR HB1014

Creates an income tax deduction for teachers' qualified classroom investment expenses including books, school supplies, computer equipment, athletic equipment, food, and clothing for students.

Limits the deduction to $250 per individual taxpayer or $500 for married couples filing jointly if both are teachers.

Applies to teachers, instructors, counselors, principals, and aides employed at least 900 hours per year at state-certified public preschool, elementary, or secondary schools (preK-12).

Requires taxpayers to maintain receipts and itemize expenses on a form provided by the Department of Finance and Administration.

Effective for tax years beginning January 1, 2017.