MI SB1000

Establishes a tax credit for public school teachers beginning in tax year 2023 for classroom supply expenses up to $1,000 for single returns or $2,000 for joint returns.

Eligible classroom supplies include books, computer programs, equipment (tape recorders, headphones, science/lab equipment), art supplies, decorative materials, food and materials for experiments, prizes and awards, and similar items.

Credit is limited to amounts actually paid by the taxpayer in the tax year and cannot exceed the taxpayer's tax liability.

Any excess credit that exceeds the taxpayer's tax liability for the year is not refundable.

Applies to teachers who teach at public schools as defined under section 5 of the revised school code.