HI SB821

Establishes a state income tax credit of up to $500 per taxable year for qualifying school teachers, special education teachers, school librarians, and counselors employed by the Department of Education, charter schools, or private schools

Allows credits for expenses paid or incurred for books, supplies (excluding athletic supplies), computer equipment with software and services, and supplementary classroom materials

Permits unused credits to carry forward to subsequent tax years until exhausted, with claims required to be filed within 12 months after the close of the taxable year

Applies to taxable years beginning after December 31, 2015

Prohibits claiming any other tax credit for the same expenses used to claim this credit in the same taxable year