HB2377 Summary

• Establishes classroom teacher supply assistance accounts in each school district and charter school to provide funds for teachers to purchase classroom supplies and materials for student instruction.

• Appropriates $8,700,000 from the state general fund in each of fiscal years 2018-2019 and 2019-2020 to the Department of Education for distribution to school districts and charter schools based on the number of classroom teachers employed.

• Creates a state income tax credit of up to $150 per qualified schoolteacher (K-12) for educational supplies and materials purchased with personal funds during taxable years 2019-2020, with a five-year carryforward option if credit exceeds tax liability.

• Requires teachers accepting funds to maintain receipts for three years, sign an acknowledgment, and return any unspent monies to the school at the end of the school year.

• Repeals the classroom teacher supply assistance account provisions and tax credit effective June 30, 2021, though any unused tax credits may continue to be carried forward.