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GA SB442
Bill
Status
Introduced
2/15/2018
Primary Sponsor
Michael Williams
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AI Summary
- Creates a Georgia income tax credit equal to 50% of up to $500.00 in out-of-pocket classroom expenses incurred by eligible educators, for a maximum credit of $250.00 per tax year
- Defines eligible educators as K-12 teachers, instructors, or aides who work at least 810 hours per taxable year in a qualified school, including public schools, private schools, home study programs, pre-kindergarten programs, and early care and education programs
- Covers necessary and ordinary expenses for books, supplies, equipment, software, services, or other materials used in a classroom or instructional setting
- Taxpayers claiming the state credit must add back any federal educator expense deduction claimed under IRC Section 62(a)(2)(D); unused credits cannot be carried forward or applied to prior years
- Applies to tax years beginning on or after January 1, 2018, and sunsets on December 31, 2022
Legislative Description
Income Taxes; tax credit for certain expenses by certain educators; create
Last Action
Senate Read and Referred
2/20/2018
Full Bill Text
No bill text available