CA SB267

Creates a personal income tax credit of up to $250 per year for qualified teachers who pay for unreimbursed instructional materials and classroom supplies, effective for tax years beginning January 1, 2026 through December 31, 2030

Defines qualified teachers as those working at public, charter, or private K-12 schools for at least 900 hours during a school year

Covers books, supplies, computer equipment, software, services, and supplementary classroom materials, but excludes religious materials and nonathletic supplies for health or physical education courses

Allows unused credit amounts to be carried forward for up to three succeeding tax years until exhausted

Requires the Franchise Tax Board to submit annual reports to the Legislature beginning December 1, 2027, on the number of taxpayers claiming the credit and total dollar amounts allowed