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CA AB2427
Bill
Status
Introduced
2/21/2014
Primary Sponsor
Reginald Jones-Sawyer
Click for details
AI Summary
- Allows a tax credit up to $250 for qualified teachers for instructional materials and classroom supplies for taxable years beginning January 1, 2014 through December 31, 2018
- Increases maximum credit to $500 for married couples filing jointly where both are qualified teachers
- Limits eligibility based on years of employment: one year or less (2014-2015), two consecutive years (2015-2016), and three consecutive years (2016-2019)
- Defines qualified teachers as those working at least 900 hours per school year in grades K-12 at California public, charter, or private schools who primarily teach and exercise independent judgment
- Allows excess credits to carry forward up to five years and repeals the provision December 1, 2019
Legislative Description
Personal income tax: credits: qualified teachers.
Last Action
In committee: Set, second hearing. Held under submission.
5/23/2014
Committee Referrals
Appropriations5/14/2014
Revenue and Taxation3/10/2014
Full Bill Text
No bill text available