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IN SB0017
Bill
Status
1/3/2019
Primary Sponsor
Lonnie Randolph
Click for details
AI Summary
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Increases the Indiana income tax credit for teachers' classroom supply expenses from $100 to $500 per taxable year
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Applies to individuals employed as teachers under IC 20-18-2-22(a) who purchase qualifying classroom supplies as defined by federal educator expense deduction rules
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Effective retroactively to January 1, 2019, applying to taxable years beginning after December 31, 2018
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Credit cannot exceed the individual's adjusted gross income tax liability and unused credits cannot be carried forward, carried back, or refunded
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Declared an emergency measure; the retroactive application provision expires June 30, 2021
Legislative Description
Tax credit for teachers' classroom supplies. Increases the income tax credit for an individual employed as a teacher for amounts expended on classroom supplies from $100 to $500 per taxable year.
Last Action
Senator Garten added as second author
1/15/2019