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IN HB1461
Bill
Status
1/15/2019
Primary Sponsor
Ben Smaltz
Click for details
AI Summary
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Increases the teacher tax credit from $100 (previously limited to classroom supply expenses) to a flat $1,000 nonrefundable credit against adjusted gross income tax liability
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Redefines eligible "teacher" as an individual certified and licensed under IC 20-28-5 who is actively and primarily engaged in teaching kindergarten through grade 12 classes
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Removes the requirement that the credit be tied to actual classroom supply purchases—teachers receive the credit regardless of out-of-pocket expenses
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Credit cannot exceed the individual's tax liability, and unused portions cannot be carried forward, carried back, or refunded
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Effective retroactively to January 1, 2019, applying to taxable years beginning after December 31, 2018
Legislative Description
Tax credit for teachers. Replaces the tax credit for classroom supplies purchased by a teacher with a nonrefundable tax credit for a teacher. Defines "teacher" for purposes of the tax credit.
Last Action
Representative Carbaugh added as coauthor
2/25/2019