SB13-131 Summary

• Creates a state income tax credit for tax years beginning January 1, 2013, allowing parents or guardians of dependent children to claim a credit for supplemental education service costs up to $500 per year.

• Requires taxpayers to obtain a letter from a licensed educator, mental health professional, or physician recommending the child receive a specified supplemental education service and submit it with their tax return.

• Defines supplemental education services as tutoring, intervention services, vocational programs, therapy, or counseling that augments the child's school program, including services for children without an individualized education program or those not in public school.

• Allows unused tax credits to be carried forward for up to 3 years but not refunded if the credit exceeds income taxes owed in the year claimed.

• Takes effect August 7, 2013, unless a referendum petition is filed, in which case it requires voter approval at the November 2014 general election.