MN SF2981

Allows a tax credit for qualified education professionals (licensed teachers, paraprofessionals, or other nonlicensed employees) employed by Minnesota public schools serving grades kindergarten through 12.

Credit equals 75 percent of tuition and fees paid during the taxable year for qualified education programs, with a maximum credit of $3,000.

Qualified education programs include master's degree programs in core content areas, Board of Teaching-approved programs for licensure in teacher shortage fields, and coursework for national board certification.

Credit is refundable, meaning excess amounts exceeding the individual's tax liability will be refunded by the commissioner from the general fund.

Effective for taxable years beginning after December 31, 2015.