HB 2009 Summary

• Establishes a tax credit for qualified schoolteachers (K-12) who purchase educational supplies, materials, uniforms, and clothing for classroom use, with a maximum credit of $800 per teacher per taxable year.

• Allows married couples filing jointly to claim up to $800 in separate expenses for each spouse if both are qualified schoolteachers.

• Permits unused tax credits to be carried forward for up to five consecutive taxable years if the credit exceeds taxes owed.

• Requires teachers to forgo the federal deduction under Internal Revenue Code Section 62(a)(2)(D) for the same expenses if claiming this credit.

• Applies retroactively to taxable years beginning January 1, 2020, and adds the new credit to the joint legislative income tax credit review schedule for years ending in 0 and 5.