CA AB1786

Allows a deduction of up to $2,500 from gross income for qualified education-related expenses of dependent children attending kindergarten through grade 12 in California public, charter, or private schools for taxable years 2015-2019.

Limits eligibility to qualified taxpayers whose household income does not exceed 300 percent of the federal Income Eligibility Guidelines for reduced price meals.

Covers expenses including textbooks, school supplies, educational equipment, computers and software, school uniforms, college/summer courses, special education services, tutoring, and transportation to/from school.

Caps the total deduction at $2,500 per dependent child per taxable year, even if multiple qualified taxpayers claim the deduction for the same child.

Takes effect immediately and repeals on December 1, 2020; authorizes the Franchise Tax Board to establish rules and procedures for implementation.