MN HF3292

Creates a tax credit equal to 75 percent of tuition and fees paid for qualified education programs, with a maximum credit of $3,000 per year.

Eligible professionals include licensed teachers, paraprofessionals, and nonlicensed employees at Minnesota K-12 public schools.

Qualified programs for licensed teachers include master's degree programs, Board of Teaching-approved programs in teacher shortage fields, and coursework for national board certification.

Credit is refundable, meaning excess credit amounts exceeding tax liability are refunded to the individual from the general fund.

Effective for taxable years beginning after December 31, 2015.