Loading chat...
MN HF360
Bill
Status
1/26/2015
Primary Sponsor
Erin Murphy
Click for details
AI Summary
-
Allows K-12 teachers who hold a continuing Minnesota teaching license and complete a master's degree in a content area related to their licensure field to claim a $2,500 tax credit.
-
Requires teachers to begin their master's degree program after June 30, 2015, and complete it during the taxable year in which the credit is claimed.
-
Limits the credit to one claim per master's degree program completed by each qualified teacher.
-
Makes the credit refundable if the credit amount exceeds the teacher's tax liability, with refunds paid from the general fund.
-
Effective for taxable years beginning after December 31, 2015.
Legislative Description
K-12 teachers who complete master's degree in a content area directly related to their licensure field allowed tax credit, and money appropriated.
Last Action
Authors added Ward; Johnson, S; Slocum; and Bly.
1/29/2015