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IN SB0284
Bill
AI Summary
Senate Bill 284 Summary
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Expands the educator expense tax credit to include teachers employed by nonpublic schools, in addition to public school teachers currently eligible.
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Defines "teacher" for tax credit purposes as any kindergarten through grade 12 teacher employed by a public school corporation (including charter schools) or nonpublic school.
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Allows eligible teachers to claim a state income tax credit for classroom supplies, with the credit amount limited to the lesser of $100 or total classroom supplies expenses during the taxable year.
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Specifies that "classroom supplies" means items qualifying for the federal educator expense deduction under Internal Revenue Code Section 62(a)(2)(D) as of December 31, 2013.
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Makes the provision effective January 1, 2017 retroactively and declares an emergency for the act.
Legislative Description
Educator expense tax credit. Provides that a teacher employed by a private school is entitled to claim a state income tax credit for teacher classroom supplies. (Currently, only public school teachers are entitled to claim the tax credit.) Specifies that a "teacher" for purposes of the tax credit is a kindergarten through grade 12 teacher.
Last Action
First reading: referred to Committee on Education and Career Development
1/9/2017